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STATE DEBT

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    • HEADLINES: Arizona

      State budget returns to unsustainable deficits

      The Arizona Republic | by Robert Robb | April 11, 2014

      The spending lobby had the usual complaints about what the recently adopted state budget doesn't fund. The real news, however, is that the spending that was approved probably puts the state back into the position of having an unsustainable structural deficit.

    • HEADLINES: Washington

      Who is the leading budget reformer in Washington? Olympia, Washington that is

      State Budget Solutions | by Joe Luppino-Esposito | April 8, 2014

      Although Washington's budget debate was simpler than in past years, lawmakers kept Jason Mercier of the Washington Policy Center busy with fiscal reforms and budget gimmicks.

    • HEADLINES: Illinois

      Quinn budget makes tax hike permanent

      The Chicago Tribune | by Ray Long and Monique Garcia | March 26, 2014

      Illinois Gov. Pat Quinn has prepared an election-year spending proposal that would make permanent the 67 percent income tax increase set to expire in 2015 and couple it with property tax relief for homeowners.

    • HEADLINES: New Jersey

      New Jersey Credit Outlook Revised to Negative by Fitch

      Bloomberg | by Romy Varghese | March 24, 2014

      New Jersey’s credit outlook was revised to negative by Fitch Ratings, which cited budget strains and ballooning retirement costs.

    • HEADLINES: California

      California Controller John Chiang proposes prefunding state retiree health care

      Sacramento Bee - State Worker | by Jon Ortiz | March 10, 2014

      A new tally of unfunded state retiree health care costs shows long-term obligations grew by hundreds of millions of dollars last year, prompting Controller John Chiang to propose a plan on Thursday to chip away at the debt..

       

    • SOLUTIONS

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • SOLUTIONS: North Carolina

      A Blueprint for Budget Reform

      Civitas Institute | by Brian Balfour | September 12, 2012

      The ongoing state budget "crisis" strongly underscores the urgent need for North Carolina to adapt significant state budget reforms, including putting North Carolina taxpayers back in charge of approving new debt, and forcing legislators and state agencies at reasonable intervals to justify all spending, not just spending increases.

    • SOLUTIONS: Nevada

      Responsible budgeting

      The Nevada Policy Research Institute | by Geoffrey Lawrence | November 3, 2011

      States should use the budget solutions of avoiding budget gimmicks and use any additional revenue to first eliminate all the dubious financial devices from budgets and to avoid state debt.

    • SOLUTIONS: North Dakota

      State debt in North Carolina

      The John Locke Foundation | by Joseph Coletti | December 2, 2010

      North Carolina should limit non-voter-approved debt. Any further borrowing by the state should be subject to voter approval. It should also reform state employee pensions by moving to more portable and flexible benefits, such as a 401(k). State government should set aside reserves to cover future health care costs for retired state employees. Health Savings Accounts would be one solution and will remain an option at least until 2018, when the state will need to meet federal health insurance regulations.

    • HEADLINES: Arizona

      State budget returns to unsustainable deficits

      The Arizona Republic | by Robert Robb | April 11, 2014

      The spending lobby had the usual complaints about what the recently adopted state budget doesn't fund. The real news, however, is that the spending that was approved probably puts the state back into the position of having an unsustainable structural deficit.

    • HEADLINES: Washington

      Who is the leading budget reformer in Washington? Olympia, Washington that is

      State Budget Solutions | by Joe Luppino-Esposito | April 8, 2014

      Although Washington's budget debate was simpler than in past years, lawmakers kept Jason Mercier of the Washington Policy Center busy with fiscal reforms and budget gimmicks.

    • Washington

      $43.5 million left to pay for imploded Kingdome

      March 26, 2014

      Taking on debt is a lot like trying to tackle Marshawn Lynch - it sounds easy right up to the point you are left behind as he runs over you.

    • HEADLINES: Illinois

      Quinn budget makes tax hike permanent

      The Chicago Tribune | by Ray Long and Monique Garcia | March 26, 2014

      Illinois Gov. Pat Quinn has prepared an election-year spending proposal that would make permanent the 67 percent income tax increase set to expire in 2015 and couple it with property tax relief for homeowners.

    • HEADLINES: New Jersey

      New Jersey Credit Outlook Revised to Negative by Fitch

      Bloomberg | by Romy Varghese | March 24, 2014

      New Jersey’s credit outlook was revised to negative by Fitch Ratings, which cited budget strains and ballooning retirement costs.

    • HEADLINES: California

      California Controller John Chiang proposes prefunding state retiree health care

      Sacramento Bee - State Worker | by Jon Ortiz | March 10, 2014

      A new tally of unfunded state retiree health care costs shows long-term obligations grew by hundreds of millions of dollars last year, prompting Controller John Chiang to propose a plan on Thursday to chip away at the debt..

       

    • HEADLINES: Pennsylvania

      At a time of surpluses elsewhere, Pennsylvania faces deficit

      Washington Post - GovBeat | by Reid Wilson | February 10, 2014

      After years of harsh budget cuts, the economic recovery has meant good news for states reaping the benefits of rebounding tax revenue. California has a $4.2 billion surplus. New York has $2 billion in extra cash. Across the country, state revenue is up 3.8 percent over last year, according to the National Association of State Budget Officials.

      But in Pennsylvania, the picture isn’t as rosy.

    • HEADLINES

      New data reveals amount of federal aid to states in 2012

      State Budget Solutions | by Joe Luppino-Esposito, Shannan Younger | January 28, 2014

      Surprised to learn that state governments combined received 31.6% of their general revenue from the federal government in 2012, with one state getting a whopping 45.4% from the feds? Click here to learn what percentage of your state's general revenue came from Washington, D.C.

    • HEADLINES: Arizona

      Brewer, budget committee release conflicting budgets

      Arizona Republic | by Alia Beard Rau | January 27, 2014

      Gov. Jan Brewer and legislative economists over the past week released conflicting budget predictions for the next three years, setting the stage for a battle over Arizona’s future.

    • HEADLINES

      How states spend their cash, in 5 maps

      Washington Post - GovBeat | by Niraj Chokshi | January 24, 2014

      States spent more than they made for the third time in four years, according to new Census data.