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Explosive Audit Urges Dissolving Insolvent City Employee Health Fund from THE CITY - All RSS feed.

Explosive Audit Urges Dissolving Insolvent City Employee Health Fund

An explosive audit from City Comptroller Brad Lander recommends dissolving a fund that helps finance city employees health benefits, concluding that it is billions of dollars in the red after being tapped for years by municipal unions and mayors in labor bargaining. Declaring the fund “insolvent,” Lander’s auditors determined that the Health Insurance Stabilization Fund […]

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