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City budget offices warn pensions, health benefits and baselines are driving multi-year deficit
Summary
The mayor's budget office and partners told the committee the city faces a multi-year structural gap driven by rising pension and health-benefit costs, growing baselines and volatile one-time revenues; offices recommended limiting ongoing commitments and holding to "no new FTE" guidance.
Melissa Whitehouse, the mayor's budget director, and Kelly Kirkpatrick, deputy budget director, presented a four-year update to the city's financial plan and budget instructions. They described a near-term two-year deficit and a widening four-year structural gap driven primarily by pension liabilities, growing health-benefit costs and voter-mandated baselines and set-asides.
"The short term, the fiscal picture is pretty similar to this time last year," Melissa Whitehouse…
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