Mayor Galvin asks council to chip away at epic OPEB debt

Patrick Blais  |  May 4, 2021

By Patrick Blais, includes “In a financial move that should pay huge dividends for the city in the years to come, Mayor Scott Galvin in recent days again called for a $750,000 deposit into a special trust fund established to cover the community's massive other-post employment benefits (OPEB) liabilities. … Woburn is one of only a few communities across the state that is making regular contributions towards outstanding OPEB obligations, which according to the most recently available estimates, stand at approximately $235 million.”

Read the full article on: Daily Times Chronicle (Massachusetts)

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