Pennsylvania Pension Commission Flags Upwards of $1 Billion in Investment Costs for One Year
The sum earned by investment managers from one pension fund exceeded employee contributions for the same period.
The Promise and Peril of Borrowing Money to Manage Pension Costs
Chicago Mayor Rahm Emanuel last week proposed issuing bonds to improve the city’s pension funding levels. Is that a good idea?
‘Progressive’ Tax on Inherited Wealth Could Net 33 States as Much as $6.1B
New York currently makes the most off its estate tax, but California has the most to gain, a liberal policy group argues.
Federal Watchdog Offers Gloomy Outlook for State and Local Budgets
U.S. Government Accountability Office estimates show mounting fiscal pressures over the next 50 years.
Major Takeaways From the Volcker Alliance’s New Grades for State Fiscal Health
COMMENTARY | New Jersey’s former budget director and state comptroller highlights some of the good, bad and the ugly budget practices.
Detroit’s Long-Term Budget Stability Finds Firmer Fiscal Footing
“Eliminating this debt cliff removes another major roadblock for Detroit’s long-term recovery,” according to Mayor Mike Duggan.
Minnesota’s ‘Remarkable Recovery From the Shambles’
STATE AND LOCAL ROUNDUP | Mayoral memo on e-scooter geofencing … active-shooter kits for police … and improving Boston-area commuter rail.
Marijuana Gets Attention as Possible Subway Funding Source
New York City's mass transit system has been facing financial stress and service problems. Could legalizing pot help?
Mayor Discusses Local Impacts of GM’s Newly Announced Plant Closures
“This isn’t just a GM issue. People aren’t buying cars” like they once did, according to Lordstown, Ohio Mayor Arno Hill. “We’ve prepared for this.”
When a Local Government is ‘Unwilling’ to Cover Debt Costs
Lawmakers in Platte County, Missouri are hesitant to assist in picking up the tab for bonds related to a retail project.
State Revenue Volatility and Optimal Reserve Size Are Directly Linked
Comparison of states provides insight into their ability to weather an economic downturn
Flint Congressman Not Giving Up on Push to Assist Struggling Cities
Rep. Dan Kildee, of Michigan, believes his efforts could gain new traction in a Democratic controlled House.
A Bipartisan Legislative Initiative to Address a Bleak State Budget Situation
COMMENTARY | Any fiscal expert looking at New Jersey’s budget situation would quickly come to the conclusion that the underfunded pension system is the place to start, the state’s former comptroller and budget director says.
In Less Than 10 Years, America Will Have 17 ‘Superaged’ States
Currently, none are in that demographic category.
When the Honors System Short-Changes State Parks
An audit found that one-third of park visitors in this state didn’t pay an entrance fee.
Investing in Your Employees' Best Ideas
COMMENTARY | "Baltimore put money down on its own creativity and has raked in results. Other cities should make the same bet," writes former Baltimore budget director Andrew Kleine, previewing his new book.
A Growing Gap Between Healthier and Worse Off Pension Plans
New research offers a dim assessment of some of the most poorly funded state and local public retirement systems.
Marijuana Retail Sales See Biggest Month to Date in Colorado
But experts caution pot tax revenue doesn’t necessarily solve state budget problems.
Study Shows Why State Pension Plans May Want to Avoid External Asset Management
STATE AND LOCAL ROUNDUP | Rare polio-like disease spreads to 22 states … Tornado Alley’s eastward shift … and disaster unemployment insurance in Florida.
States Helping Disabled Students Move to Work Despite Unclear Federal Funding, Report Says
There's widespread confusion over which programs are reimbursable, according to the federal Government Accountability Office.
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