Frederick J. Sheehan

The Exponentiality of Municipal Costs (and Some Advice for Endowments and Foundations)

The word in social media is “exponentiality” of growth. Webster’s, American Heritage, and Microsoft Word do not acknowledge it, I don’t know how to spell it, but this path-breaking discussion of rising municipal costs deserves a word from the future. The pension costs of states and municipalities in years hence are often stated in a…