Local Taxes: Accounting Rule Changes on Retiree Health Care Costs

Deborah Solomon: A looming accounting change is forcing state and local governments to fess up to something that’s been lurking on their books for years: Many have made costly retirement health-care promises without planning how to pay for them. Under a new accounting rule, governments soon must start recognizing their long-term obligations to pay for … Continue reading Local Taxes: Accounting Rule Changes on Retiree Health Care Costs