Military Retirees Prompt State Competition
States increasingly want to attract military retirees, sometimes by eliminating income taxes on their military pensions.
Fiscal Emergency Drives Detroit's Home County Toward Consent Agreement With State of Michigan
Whether labor unions will agree to cost-cutting measures remains unclear.
Gridlocked Illinois Stops Paying State Salaries; ‘Wealth Adjacent’ Big City Is Just Plain Poor
Also: Fracking revenue drops in pock-marked Pennsylvania, the nation is grossly underestimating solar-power generation and a resident revolt in small-town South Dakota
Chicago Schools Running Out of Money Quickly; Municipal Recycling’s Economic Quandary
Also: The Sacramento Kings arena trial is starting.
New Jersey Supreme Court’s Pensions Ruling Gives Legal Victory to Christie
The 5-2 decision gives the governor a short-term win and budget flexibility. But the Garden State’s long-term fiscal outlook is dismal.
Proposed Calif. Ballot Initiative Would Put Voters in Control of Future Pensions
401(k)-style plans would be the default for state and local government workers starting in 2019. Anything else would need public approval.
Connecticut Budget Plan Sparks Big Rebuke From Major Employers
As Hartford looks to tax increases to fix the state’s messy finances, companies like General Electric threaten to bolt.
Stuck in a Growing Pension Hole, Maryland Keeps on Digging
The state legislature has only made a fourth of the agreed-upon contributions to shore up the public employee plan.
California Confronts Its Daunting Pension Shortfalls
Cuts in services may be the only answer, though activists hope to amend the constitution.
A Way to Fix Illinois’ Pensions Crisis?
Shifting costs to local school districts and universities seems inevitable. But that solution “is not at simple as moving the burden off of the state,” says the deputy executive director of the Illinois Association of School Boards.
State Lawmakers Push Pensions to Divest Fossil Fuel Holdings
Some state legislators are pushing state pension funds to divest millions from the coal and oil industries, but pension administrators are worried about the bottom line.
Oregon Ruling Throws State and Local Pensions for a Loop
The state Supreme Court’s legal reasoning could foretell possible impacts pension reform suits might have in Illinois and New Jersey.
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