• Headlines: Massachusetts

    Massachusetts House releases $36.2B state budget | by Steve LeBlanc | April 10, 2014

    House Ways and Means Chairman Brian Dempsey said the proposal is about 5 percent higher than the estimated spending in the current fiscal year and $191 million less than the Gov. Deval Patrick's proposed 2015 fiscal year budget.

  • Headlines: Ohio

    Provisions on higher education in state budget review pass Ohio House

    The Cleveland Plain Dealer | by Sam Howard | April 10, 2014

    Provisions in House Bill 484 would make funding for state community, community and technical colleges incentivized based on student success. Rep. Cliff Rosenberger said the bill would help Ohio lead the nation in tying funding to academic performance.

  • Headlines: Rhode Island

    Rhode Island is considering options on pension deal, Chafee says

    The Boston Globe | April 10, 2014

    Governor Lincoln Chafee said Rhode Island is considering various options on how to proceed with lawsuits brought over the state's landmark pension overhaul, after a proposed deal was rejected by members of police unions.

  • Headlines

    Rebounding economy fills state coffers with record tax revenues

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

    State governments collected more than $846 billion in tax revenue in the last fiscal year, the highest amount ever reported, as a rebounding economy boosted coffers hit hard by the recession.

  • Headlines: California

    New pension plans differ greatly from 'classic' models

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

    California became a dual-class public employee state last year when a sweeping law lowered pension benefits for state and local government workers hired in 2013 and later.

  • Headlines: Tennessee

    State House sets up budget floor vote, kills Democrat amendments

    The Tennessean | by Tom Humphrey | April 9, 2014

    A House floor vote has been set for Thursday on Gov. Bill Haslam's $32 billion state budget for the coming year after Republicans rejected in committee a Democratic attempt to use reserve fund to provide pay raises for state employees and teachers.

  • Headlines: Illinois

    Chicago pension overhaul OK'd by House, Senate

    ABC7Chicago | by Charles Thomas | April 9, 2014

    State lawmakers approved Chicago Mayor Rahm Emanuel's overhaul proposal for two city pension programs that officials say could otherwise be out of money in little more than a decade.

  • Headlines: Massachusetts

    Massachusetts House to release state budget plan

    Boston Herald | April 9, 2014

    The budget plan to be released Wednesday follows the unveiling in January of Gov. Deval Patrick's proposed $36.2 billion spending plan for the 2015 fiscal year.

  • 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: Arizona

    State budget deal sealed

    Arizona Daily Sun | by Howard Fischer | April 8, 2014

    State lawmakers approved a $9.23 billion budget for the coming fiscal year Monday as Senate Republicans agreed a spending plan higher than they had originally wanted but still less than sought by Gov. Jan Brewer.

  • Headlines: Virginia

    McAuliffe quietly amends bills to add budget catch

    The Virginian-Pilot | by Julian Walker | April 8, 2014

    The Democratic governor has quietly amended at least 11 bills - mostly Republican - so they wouldn't take effect until Virginia has a budget, an assertion of authority by McAuliffe.

  • Headlines: Illinois

    Emanuel revises pension plan after blowback on tax hike

    The Chicago Tribune | by Monique Garcia, Hal Dardick, Ray Long and John Byrne | April 8, 2014

    Mayor Rahm Emanuel still wants to raise Chicago property taxes as part of a plan to shore up city pension systems, but he no longer is asking state lawmakers to do the dirty work.

  • Headlines: Ohio

    Ohio politicians striking early in college union debate with state budget proposal | by Kevin McGuire | April 8, 2014

    A proposal to the state's budget review submitted Monday would prevent student-athletes from being considered employees if the proposal is passed.

  • Headlines: Florida

    Legislative budgets have money to boost tourism

    The Orlando Sentinel | by Jason Garcia and Jim Stratton | April 7, 2014

    Both proposals are less than the $100 million that Gov. Rick Scott proposed for tourism promotion.

  • Headlines: Oklahoma

    Oklahoma pension problems: $823 million annual debt, or $3.4 billion in savings after 30 years?

    Capitol Beat OK | by Patrick McGuigan | April 7, 2014

    Edging toward final approval at the state Capitol is a proposal that would shift the Sooner State's largest government pension plan (the Oklahoma Public Employees Retirement System, or OPERS) away from the billions it faces in unfunded liabilities for the "defined benefit" pensions most public employees now receive.

  • 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 | 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.

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