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  • Headlines: New York

    Moody's gives positive review to NY state budget

    The Wall Street Journal | April 7, 2014

    Moody's analysis singles out investments in education and praises state leaders for reaching a deal before the end of the fiscal year.

  • Headlines: Florida

    Scaled-back pension bill gets approval from House panel

    News4Jax.com | by Brandon Larrabee | April 7, 2014

    Reviving hopes for one of House Speaker Will Weatherford's key priorities, a divided House State Affairs Committee on Friday signed off on a scaled-back set of changes to the pension system for public employees.

  • Headlines: Rhode Island

    Group of R.I. retirees file lawsuit challenging class-action pension settlement

    The Providence Journal | by Katherine Gregg | April 7, 2014

    Their fight centers on the General Assembly's cost-cutting overhaul of Rhode Island's public employee pension system in 2011: specifically, the suspension of annual cost-of-living adjustments until the retirement system is 80 percent funded.

  • Headlines

    Pew's latest pension report understates unfunded liabilities, but still shows growing pension problem

    by Cory Eucalitto | April 4, 2014

    While Pew's report relies directly on state-reported numbers that understate the size of unfunded liabilities, it nonetheless shows tremendous growth in unfunded liabilities since 2008.

  • Headlines

    U.S. public pension gap widened to nearly $1 trillion in fiscal year 2012

    Reuters | by Robin Respaut | April 2, 2014

    The unfunded liabilities of public-employee pension plans rose by 10 percent in fiscal 2012 to a record $914 billion, hit by low investment returns, missed contributions and unfunded benefits, underscoring the pension funding crisis in U.S. states and cities, a report by the Pew Charitable Trusts said.

  • Headlines: Illinois

    Emanuel pension fix: Shrink benefits, raise taxes

    Chicago Tribune | by Hal Dardick and Bill Ruthhart | April 1, 2014

    Mayor Rahm Emanuel is proposing to raise property taxes and cut retirement benefits for some city workers to start digging out of a massive pension debt he inherited.

  • Headlines: Kentucky

    Kentucky Budget bill goes to governor's desk

    Associated Press | April 1, 2014

    The Kentucky General Assembly approved a $20.3 billion biennial spending plan Monday that authorizes $20.3 billion in spending for education, Medicaid, pensions, and other state government services while cutting spending in many state agencies by 5 percent through fiscal 2016.

  • Headlines: New York

    NY Legislature passes $140B state budget just minutes before deadline

    The Associated Press | April 1, 2014

    The New York Legislature on Monday passed a $140 billion election-year budget that will expand pre-kindergarten statewide and provide tax relief to homeowners and corporations.

  • Headlines: Rhode Island

    Rhode Island's public workers and retirees cast ballots to decide fate of pension settlement

    Associated Press | by David Klepper | March 31, 2014

    The fate of Rhode Island's landmark pension overhaul — a model cited in other states wrestling with escalating retirements — now hinges on the votes of the same government workers and retirees who sued to block the law.

  • Headlines: New York

    State budget deal includes bailout package for Yonkers

    The Journal News | by Jon Campbell | March 31, 2014

    The city of Yonkers' school system would be in line for a significant state bailout under a budget deal reached early Saturday by Gov. Andrew Cuomo and legislative leaders. 

  • Headlines: Kentucky

    NKY priorities funded in state budget compromise

    Cincinnati.com | by Amanda Van Benschoten | March 31, 2014

    Legislative leaders spent 18 hours at the negotiating table overnight, but they emerged early Sunday morning with a $20 billion two-year state budget that includes three of Northern Kentucky's top priorities. 

  • Headlines: New York

    A New York Debate: Is the Budget Late?

    The Wall Street Journal | by Mike Vilensky | March 31, 2014

    While the matter might not appear particularly complex, the question has stumped even some veteran Albany insiders. 

  • Headlines: Virginia

    Va. counties urge budget adoption; take no stand on Medicaid

    The Richmond Times-Dispatch | by Michael Martz | March 27, 2014

    The association, representing 95 counties, sent a letter to House Speaker William J. Howell that urges the legislature to end a budget stalemate that already has spilled into a special session that threatens to delay passage of a budget at least a month and likely longer.

  • Headlines: New York

    Top NY lawmaker: Budget deal near as leaders meet

    The Wall Street Journal | March 27, 2014

    Gov. Andrew Cuomo and legislative leaders are working against a deadline to get a budget approved before the new state fiscal year Tuesday.

  • Headlines: Maryland

    House approves $38.7 billion state budget

    The Baltimore Sun | by Timothy B. Wheeler | March 27, 2014

    The House of Delegates gave preliminary approval Wednesday to a $38.7 billion budget that trims the governor's plan but still provides raises to state workers and levies no new taxes.

  • Headlines: Connecticut

    Conn. committee adds $12.3 million to Malloy plan

    Boston.com | by Susan Haigh | March 27, 2014

    The General Assembly's budget-writing committee is recommending that $12.3 million be added to Gov. Dannel P. Malloy's budget proposal for next fiscal year.

  • 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: Missouri

    Mo. House Blocks Medicaid Expansion, Sets Aside $6M For New State Park, While Approving State Budget

    KBIA.com | by Marshall Griffin | March 26, 2014

    House members spent most of Tuesday bringing up amendments they hoped to add on to the FY 2015 budget, including two attempts to expand Medicaid. Both failed.

  • Headlines: Mississippi

    Lawmakers putting final touches to state budget

    Mississippi Business Journal | March 26, 2014

    Mississippi legislators expect to be busy this week working out final details of a $6 billion budget for the coming year.

  • Headlines: New Jersey

    Assembly Budget Panel To Question Christie Pension Cut

    NJSpotlight.com | by Mark Magyar | March 26, 2014

    PBA president criticizes reduction in pension contributions to balance budgets, but Treasury touts Christie's record $5.3 billion in pension payments.


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