Schools use special tax for retiree benefits
Published 01/27/2009, Associated Press
ST. PAUL — Some Minnesota school districts are taxing homeowners without voter approval to pay retiree benefits promised decades ago. With liabilities to retirees potentially topping $1 billion, school districts have been hard-pressed to pay for perks such as lifetime health insurance. But a new state law lets them levy taxes and put the money into interest-bearing trust accounts to cover those costs.Word count: 473
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