• Headlines

    Unfunded public employee pensions drive state debts skyward

    The Washington Examiner | by Mark Tapscott | January 21, 2014

    State governments are piling up debt almost as fast as the federal government, with a total of $5.1 trillion now on their books.

  • Headlines: Georgia

    Ga. governor proposes $42 billion budget

    Businessweek | by Ray Henry | January 17, 2014

    Georgia would increase its education spending under a budget plan Wednesday from Gov. Nathan Deal that comes after schools districts repeatedly shortened their school years and cut teacher pay to cope with a bad recession and slow recovery.

  • Headlines: Oklahoma

    Okla. gov, speaker differ on state budget ideas

    MSN Money | by Sean Murphy | January 17, 2014

    Gov. Mary Fallin and House Speaker T.W. Shannon differ on how to tackle several major budget issues, including the use of bonds to pay for infrastructure improvements and a tax incentive for horizontal oil and gas drilling.

  • Headlines: Wisconsin

    Wisconsin budget surplus nears $1 billion

    Businessweek | by Scott Bauer | January 17, 2014

    Wisconsin's budget surplus was projected to reach nearly $1 billion, money that Gov. Scott Walker and Republican legislative leaders are eyeing for income and property tax cuts.

  • Headlines: North Carolina

    Commission to consider reforms to NC pension fund structure

    News & Observer | by David Bracken | January 17, 2014

    State Treasurer Janet Cowell announced Thursday the creation of an independent, bipartisan commission to review the state's governance structure for investment management.

  • Headlines: Pennsylvania

    Pennsylvania Pension-Fix Impasse Punishes Investors: Muni Credit

    Bloomberg | by Romy Varghese | January 17, 2014

    Pennsylvania, which shoulders one of the biggest pension burdens among U.S. states, is bucking the wave of local governments trimming the benefits. Its bondholders are paying the price.

  • Headlines: Rhode Island

    Chafee's $8.5B budget holds tax rates, boosts K-12 | by Ted Nesi | January 16, 2014

    The governor's proposed budget would increase Rhode Island's state spending by 4% to $8.5 billion in the 2014-15 fiscal year that starts July 1, with about a third of the money coming from the federal government.

  • Headlines: Maryland

    Analysis: Putting a different spin on $39 billion state budget

    The Maryland Reporter | by Len Lazarick | January 16, 2014

    The budget has record spending on K-12 public schools ($6.1 billion) and health care ($8.9 billion), the largest share of the budget.

  • Headlines: Louisiana

    No mid-year budget cuts will be required as Louisiana revenue dips only slightly | by Julia O'Donoghue | January 16, 2014

    For the first time in six years, Gov. Bobby Jindal's administration will not have to make mid-year budget cuts because of less than projected state revenue.

  • Headlines: California

    Some Good News, and Some Big Challenges, for State Pension Funds | by Dan Brekke | January 16, 2014

    Beyond the CalPERS report, though, looms the reality that the state's public sector retirement funds are still facing hundreds of billions of dollars in future retirement obligations that it hasn't yet figured out a way to pay for.

  • Headlines: Massachusetts

    Major agreements reached before state budget debate | by Matt Murphy | January 15, 2014

    The budget chiefs in the House and Senate and Gov. Deval Patrick's top budget aide have agreed on a major pension system funding change ahead of this year's budget debate, and the Patrick administration on Tuesday also raised its estimate of available tax revenues for the current fiscal year.

  • Headlines: Maryland

    O'Malley to release state budget proposal

    The Washington Post | January 15, 2014

    The governor's office says the budget plan does not include new taxes or fee increases.

  • Headlines: New Jersey

    Christie's Call For Pension Concessions Sets Up Budget Battle With Sweeney

    NJ Spotlight | by Mark J. Magyar | January 15, 2014

    Gov. Chris Christie used his State of the State speech to argue that “further pension changes are needed” because the annual payments required to restore the pension system to solvency prevent the state from increasing the funding for education, crime prevention, infrastructure, and other needed programs or enacting a tax cut.

  • Headlines: Wyoming

    Wyoming Investment Income Plays Role in State Budget | January 15, 2014

    Gov. Matt Mead told lawmakers last month the extra revenue means the state won't have to repeat the budget cuts it's seen in recent years.

  • Headlines

    State Budgets Still Need Reform

    Fox Business | by Peter Barnes | January 14, 2014

    Pension reforms enacted or under review by 43 states cover mainly new employees, the task force said, and "have had minimal effect on unfunded liabilities."

  • Headlines: Missouri

    Official says eight-month state budget is an option

    The Springfield News-Leader | by Jonathan Shorman | January 14, 2014

    An abbreviated budget would be designed to combat budget withholding by Gov. Jay Nixon, a Democrat. Senate Appropriations Chairman Sen. Kurt Schaefer, a Republican, said Nixon's withholds create "tremendous" uncertainty.

  • Headlines: California

    Brown budget plan faulted on bullet train, teacher pensions

    The Los Angeles Times | by Chris Megerian | January 14, 2014

    Legislative analyst praises Brown for paying down debt and adding to a reserve fund, but says more should be put into teacher pensions and calls bullet train funding risky.

  • Headlines: Iowa

    Branstad proposes record $7 billion state general-fund budget

    The Sioux City Journal | by Rod Boshart | January 14, 2014

    The budget proposes to spend slightly more than $7 billion in the fiscal year that begins July 1, an overall increase of 7.8 percent from current funding levels.

  • Headlines: Wisconsin

    Wisconsin funds post double-digit returns; pension increases possible

    The Milwaukee Journal Sentinel | January 14, 2014

    The two pension funds for retired state workers operated by the State of Wisconsin Investment Board posted double-digit returns in 2013.

  • Headlines: Maine

    Maine Gov: $119M Needed to Balance State Budget

    MPBN | January 14, 2014

    Republican Gov. Paul LePage's administration says lawmakers must find a way to fill a $119 million hole in the state's budget.

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