Marc on Underfunded Pensions
Pensions for firefighters, police, and city employees are underfunded by $109 million. The Town must devote more of its budget to closing this financial gap. Money set aside for pensions is actually put into investments that yield returns. The more we invest today, the greater the return tomorrow. In addition, investing now makes the Town's pension dollar go further than if we wait until later when costs go up.
Marc describes this situation in his video: