Budget and Finance: Proposal for a $4.7 million dent in a $388 million liability

3:45 p.m. Budget Officer Joe Maestretti has finished talking about the last equipment-related Internal Service Fund (Central Duplicating Fund), and is on to another set: Risk Management Fund (revenues down), Worker’s Compensation Fund (revenues down) and …

The Health Fund, where the city might begin to address its $388 million unfunded retiree medical liability. The fund’s projected fiscal 2008-09 ending balance is $1.1 million. The proposed budget for 2009-10 would build that balance to $4.7 million.

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