• Headlines: Nebraska

    Property taxes, state parks eyed in Neb. budget | 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.

  • Headlines: Alabama

    Alabama Senate approves education budget that includes 1 percent teachers' bonus, cut for ASU | by Mike Cason | February 28, 2014

    The $5.9 billion budget would provide $10 million to hire about 250 more middle school teachers statewide.

  • Headlines: Minnesota

    Minnesota budget surplus grows to $1.23 billion

    The Minneapolis Star Tribune | by Baird Helgeson | February 28, 2014

    Legislators have been in session less than two weeks and are already figuring out ways to spend the money.

  • Headlines: Michigan

    Coalition wants $275M more in direct state aid for classrooms

    The Detroit News | by Chad Livengood | February 28, 2014

    A coalition of public school advocates on Thursday proposed an alternative to Gov. Rick Snyder's education budget that would give school districts $250 to $291 more per student next year.

  • Headlines: Maine

    Maine lawmakers forge ahead on supplemental budget without LePage

    The Bangor Daily News | by Scott Thistle | February 27, 2014

    The state's constitution requires a balanced budget and devoid a supplemental budget offering from Republican Gov. Paul LePage, committee members have been left largely on their own as they attempt to craft the spending document.

  • Headlines: Maryland

    Franchot, Kopp fight transfer of pension money

    The Baltimore Sun | by Michael Dresser | February 27, 2014

    Maryland State Treasurer Nancy K. Kopp and Comptroller Peter Franchot warned senators Wednesday that Gov. Martin O'Malley's proposal to divert $100 million a year from the state pension fund to next year's budget threatens the long-term health of the retirement system.

  • Headlines

    Study rates public pension overhauls in other states

    Sacramento Bee - State Worker | by Jon Ortiz | February 27, 2014

    Public pension-change efforts in states that have rolled back benefits share some common characteristics, according to a paper issued today by the influential Brookings Institution in Washington, D.C.

  • Headlines: New Jersey

    Christie proposes $34.4B budget, warns of looming pension costs | by Maddie Hanna and Andrew Seidman | February 26, 2014

    Touting "an era of fiscal restraint" while warning that soaring pension costs would demand changes, Gov. Christie on Tuesday proposed a $34.4 billion budget for next year without pitching the income-tax cut he has long sought.

  • Headlines: Kentucky

    Proposed state budget would divert $76 million away from cash-strapped student aid programs

    The Lexington Herald-Leader | by Linda B. Blackford | February 26, 2014

    Kentucky lawmakers diverted more than $100 million in lottery proceeds away from state financial aid programs for college students since 2009, and might take an additional $76 million over the next two years.

  • Headlines: Michigan

    In Detroit Bankruptcy, a Battle Over Speed

    The Wall Street Journal | by Matthew Dolan | February 26, 2014

    Days after Detroit filed its financial-reorganization plan in court, the city and its creditors are battling over how quickly the judge should move to resolve the nation's largest municipal bankruptcy case.

  • Headlines: New York

    Comptroller issues warning on state's budget

    The Buffalo News | by Tom Precious | February 25, 2014

    New York state's chief fiscal watchdog believes Gov. Andrew M. Cuomo's rosy fiscal assumptions for the coming years may be a bit too rosy.

  • Headlines: Washington

    Washington Senate budget would add money for schools

    The Spokesman-Review | by Jim Camden | February 25, 2014

    Public schools would get more money for math and science supplies and state colleges would keep tuition from going up in a proposal released by Washington Senate budget writers.

  • Headlines: Virginia, Maryland, Arkansas

    Virginia and other states wrestle with whether to expand Medicaid under Affordable Care Act

    The Washington Post | by Laura Vozzella | February 25, 2014

    The politics of expansion are an extension of the battle over the Affordable Care Act that has raged in the nation's capital for years - threatening to bring dug-in partisans and Washington-style gridlock to places such as Richmond, where legislators ordinarily pride themselves on working things out in the collegial "Virginia way."

  • Headlines: Rhode Island

    Moody's looks favorably on RI's pension lawsuit settlement

    The Providence Journal | by Tom Mooney | February 25, 2014

    Moody's said the settlement, which restores some small pension cost of living adjustments, lowers some retirement ages and allows long-time employees to keep their traditional pension plan, represents "a small fraction" of additional costs to state and local communities.

  • Headlines

    Public Pension Tabs Multiply as States Defer Costs and Hard Choices

    The New York Times | by Rick Lyman and Mary Williams Walsh | February 25, 2014

    More than 40 states have taken steps in recent years to rein in mounting public employee pension costs that threaten to strangle government services. But none have come close to closing their pension gaps quickly enough to keep pace with a rapidly aging - and retiring - public work force.

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