Baltimore mayor tackles fiscal forecast

Responding to projected budget deficits that could bankrupt the city government, Baltimore Mayor Stephanie Rawlings-Blake has proposed ending pensions for newly hired civilian employees and moving to a hybrid pension plan for newly hired police officers.

The proposed pension reforms are part of a broad package of cuts that Rawlings-Blake was scheduled to announce Monday in her State of the City address. The Democratic mayor also wants to cut the city workforce by at least 10 percent over eight years and increase the number of hours firefighters work.

The city faces $750 million in budget deficits over the next decade, according to a forecast from an outside consultant hired by the Rawlings-Blake administration. The report concluded that major reforms are needed to prevent bankruptcy.

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Source: http://www.nbcnews.com/id/50774077/ns/local_news-baltimore_md/

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