Pension Reform Bigger School Fiscal Issue Than Education Budget

Commentary: Pension Reform Bigger School Fiscal Issue Than Education Budget [Michigan Capitol Confidential]
Take Rockford Public Schools, for instance. Its annual financial report indicates that the projected increase in pension rates will have a larger impact on district finances than the proposed change in state revenue.
Based on salaries for 2011, the upcoming increase in pension contributions will cost the district $1.1 million, and pensions already cost roughly one out of every eight dollars the district spends