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  • Headlines: Kentucky

    Bill would let some agencies leave Kentucky Retirement Systems

    The Courier-Journal | by Mike Wynn | March 7, 2014

    A GOP lawmaker has filed legislation that would allow quasi-governmental agencies to withdraw from Kentucky's public pension system if they agree to pay off their retirement liabilities.

  • Headlines: Iowa

    Iowa House and Senate agree on $6.97 billion state budget for coming year

    The Des Moines Register | by William Petroski | March 6, 2014

    Republicans and Democrats settled on a $6.97 billion budget for the 2015 fiscal year, which begins July 1, 2014. Such a compromise is not at all typical in the divided Legislature, and could allow lawmakers to adjourn ahead of schedule this year.

  • Headlines: Nebraska

    $8.8B budget includes boost in property tax credits, funds to ease prison overcrowding

    The Omaha World-Herald | by Martha Stoddard | March 6, 2014

    This year's package includes a $25 million boost in property tax credits, as well as money for water projects, prison overcrowding, parks maintenance, job training, developmental disability services and pediatric cancer research.

  • Headlines: Rhode Island

    Rhode Island's Winding Road to Serious Pension Reform

    Governing | by Charles Chieppo | March 6, 2014

    Under the settlement, individuals who retired before June 30, 2012, would get a one-time 2 percent COLA. Going forward, COLAs would be awarded every fourth year (instead of every fifth under the original legislation) until state pensions are 80 percent funded.

  • Headlines: Washington

    House OKs supplemental budget; Senate negotiations next

    The Seattle Times | March 5, 2014

    The measure makes adjustments to the $33.6 billion, two-year state operating budget approved by the Legislature last year.

  • Headlines: Michigan

    House passes supplemental budget bill stripped of regional transit funding

    The Lansing State Journal | by Kathleen Gray | March 5, 2014

    Republicans in the House said their version of the bill was a more fiscally responsible supplemental budget.

  • Headlines: Illinois

    Chicago credit rating takes major hit

    The Chicago Tribune | by Hal Dardick | March 5, 2014

    Chicago's financial standing took a hit Tuesday when a major bond rating agency once again downgraded the city's credit worthiness because of a huge government worker pension shortfall and the overall amount of money it owes.

  • Headlines: North Carolina

    Art Pope rejects UNC system's budget proposal

    The Times-News | March 5, 2014

    Art Pope, the state budget director, has kicked the UNC system's budget proposal back to the Board of Governors for a rewrite, saying it "simply is not realistic."

  • Headlines: South Dakota, New Hampshire , Maine , Georgia

    Four states maneuver on Medicaid expansion

    Washington Post - GovBeat | by Reid Wilson | March 5, 2014

    Faced with the prospect of tens of millions, if not hundreds of millions, in federal funding, states are racing to find politically palatable ways to expand Medicaid.

  • Headlines: Florida

    Weatherford's base shows up to give him boost before pension battle

    The Miami Herald | by Michael van Sickler | March 4, 2014

    Pushing pension reform has been no easy task for Florida House Speaker Will Weatherford in the last two years, yet Weatherford persists, listing it at the top of his legislative agenda for this year's session, which begins Tuesday.

  • Headlines: Michigan

    Detroit reaches settlement over controversial debt deal

    USA Today | by Nathan Bomey and Brent Snavely | March 4, 2014

    The city of Detroit revealed a proposed settlement with two banks late Monday to pay off a controversial debt deal called swaps, which helped plunge Detroit into bankruptcy.

  • Headlines: Louisiana

    Lawmakers look to lock down health care funding in state budget

    NOLA.com | by Julia O'Donoghue | March 4, 2014

    The Louisiana State Legislature will once again consider legislation to limit their own ability to move around money in the state budget this year, a move that critics say say will tie lawmakers hands to deal with revenue shortfalls in the future.

  • Headlines: Illinois

    Civic Federation Releases Plan to Balance State Budget

    NBC Chicago | by Mark W. Anderson | March 4, 2014

    The plan relies on a mix of new taxes, spending cuts and completely paying down Illinois' $5.4 billion backlog of bills. The five-year plan also calls for building a "rainy day" fund and restoring municipalities' full share of revenue generated by taxes.

  • Headlines: Minnesota

    Dump the 'inflation bias' in state budget forecasts

    Minneapolis Star Tribune | by William C. Melton | March 3, 2014

    The $2.6 billion number cited for the surplus in the planning estimates for the next biennium is far too optimistic — and the distortion is probably going to get worse in the future.

  • Headlines: Nebraska

    Property taxes, state parks eyed in Neb. budget

    KETV.com | March 3, 2014

    The Legislature's Appropriations Committee is expected to finish its work this week on changes to the state budget.

  • Headlines

    Buffett Says Pension Tapeworm Means Decade of Bad News

    Bloomberg News | by Noah Buhayar and Zachary Tracer | March 3, 2014

    "Local and state financial problems are accelerating, in large part because public entities promised pensions they couldn't afford," Buffett said. "Unfortunately, pension mathematics today remain a mystery to most Americans."

  • Headlines: Louisiana

    Critics say Jindal's budget strategies amount to 'accounting gimmicks'

    Baton Rouge Advocate | by Michelle Millhollon | March 3, 2014

    With revenue failing to prop up the heavy weight of a poor state’s obligations, critics say, Jindal seems only too ready to swipe the credit card and let a future governor deal with the fallout.

  • Headlines: Oklahoma

    Oklahoma House wants to link state pension overhaul, pay increases

    The Tulsa World | by Randy Ellis | March 3, 2014

    Members of the state House of Representatives would like a commitment from the governor and Senate to fund targeted pay increases this year before signing off on a pension overhaul bill, said state Rep. Leslie Osborn.

  • Headlines: Washington

    State Senate adds education money to budget; no teacher raises

    The Seattle Times | by Lisa Baumann | February 28, 2014

    Senate Bill 6002 passed on a 41-8 vote. Under the spending plan, the State Need Grant Program would receive an additional $5 million related to the immigrant financial-aid bill known as the Dream Act or Real Hope Act. Gov. Jay Inslee signed the related bill into law Wednesday.

  • Headlines: Louisiana

    Louisiana retirement legislation focuses on cost-of-living increases, alternative debt reduction methods

    The Times Picayune | by Lauren McGaughy | February 28, 2014

    Louisiana lawmakers are seeking alternative methods to pay down state pension debt this year, by filing legislation ahead of the 2014 session to raise the retirement age for new hires and even tax marijuana if it should ever be legalized.


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