Category: Blog

Boston’s Cost for Compensated Absences

Boston’s total accumulated liability for compensated absences was $200.3M (as of 6/16) – 71% is for accumulated sick days. With a $142M sick leave liability, the City should evaluate the utility of the payment for unused sick days and seek to reduce future payouts in contract negotiations.

Boston Ends FY17 with a $6.7M Surplus

Boston ended FY17 with a $6.7M General Fund operating surplus due to conservative revenue estimates and ongoing control over spending for permanent employees. Not all revenue sources planned in the FY17 budget needed to be utilized.