“…Truth in Accounting said the state continues to 'hide' $10.4 billion in retiree healthcare liabilities because of changes in government accounting standards. Therefore, healthcare liabilities may appear worse in next year’s state financial reports. … Connecticut’s neighbor to the north did not fare much better in Truth in Accounting’s analysis. Massachusetts was ranked 46 because of its pension and retiree healthcare liabilities.”
Read the full article on: Yankee Institute for Public Policy