The Fiscal Sustainability of Retiree Health Care Benefits Among New York State School Districts

Robert Bifulco (), Minch Lewis () and Iuliia Shybalkina ()
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Robert Bifulco: Center for Policy Research, Maxwell School, Syracuse University, 426 Eggers Hall, Syracuse, NY 13244, https://www.maxwell.syr.edu/directory/robert-bifulco
Minch Lewis: The Maxwell School of Citizenship and Public Affairs, Syracuse University, 215G Eggers Hall, Syracuse, NY 13244
Iuliia Shybalkina: he Martin School, University of Kentucky, 415 Patterson Office Tower, Lexington, KY 40506

No 252, Center for Policy Research Working Papers from Center for Policy Research, Maxwell School, Syracuse University

Abstract: We examine spending on retiree health care as a percentage of revenues for a sample of New York State school districts. The fiscal burden of these benefits grew from 2010 to 2021, and big city school districts have faced the largest burdens. Assuming CBO forecasts regarding growth in health care costs and continuation of recent trends in revenue growth, we project that the burden of retiree health care benefits will exceed 10 percent of revenue by 2050. Projected burdens are greatest big city and high need rural districts. We discuss cutting benefits and pre-funding as possible policy responses.

Keywords: Retiree benefits; health care benefits; school district finance; public budgeting; fiscal sustainability (search for similar items in EconPapers)
JEL-codes: H72 H75 I13 I22 (search for similar items in EconPapers)
Pages: 49 pages
Date: 2022-12
New Economics Papers: this item is included in nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:max:cprwps:252

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