Bay City Commissioners Review Accrued Liabilities For Pensions And Retiree Health Care
December 3, 2019 12:42AM EST
Bay City Commissioners reviewed efforts Monday to eliminate accrued liabilities in areas like retiree health care and pensions with city Fiscal Services Director George Martini.
Martini praised city officials for doing what it takes to reduce those debts. That includes investing more money to cover costs.
The state has mandated that communities like Bay City address those costs as part of their budgeting process.