Articles from newspapers and websites around the nation

  • Headlines: Washington

    Bill would phase out pensions for public employees in state

    The Seattle Times | by Jim Brunner | January 13, 2014

    Now that Boeing Machinists have given up their pensions, some state lawmakers are renewing calls for the state to end pensions for public employees and replace them with 401(k)-style retirement plans.

  • Headlines: California

    Gov. Jerry Brown Uses Surplus to Prevent Bankruptcies

    The Fiscal Times | by Eric Pianin | January 11, 2014

    Amid a rash of municipal bankruptcies and mounting concerns about unfunded state pension benefits, Gov. Jerry Brown of California is charting a course of fiscal probity that could have broader implications for the rest of the country.

  • Headlines: North Carolina

    McCrory administration explores broad budget cuts to boost teacher pay

    The News & Observer | by Patrick Gannon | January 11, 2014

    A memo from State Budget Director Art Pope to department heads is additional evidence that state leaders may increase pay for state workers in the 2014-15 budget, but it also suggests that departmental budgets might be cut to cover the cost.

  • Headlines: New Mexico

    Moody’s upbeat on NM pension reforms

    The Albuquerque Journal | by Winthrop Quigley | January 11, 2014

    Moody's Investor Service praised last month's New Mexico Supreme Court decision upholding changes in the state's public pension programs, calling it "credit positive" for state and local debt.

  • Headlines: California

    Brown Proposes Record $106.8 Billion California Budget

    Bloomberg | by Michael B. Marois | January 10, 2014

    California Governor Jerry Brown proposed a record $106.8 billion budget as state coffers brim with the biggest surplus in more than a decade, setting up a fight with fellow Democrats who want more spending.

  • Headlines

    State Lawmakers Face Tough Choices on Common Core

    Education Week | by Andrew Ujifusa | January 10, 2014

    For many states, this year will be a key juncture for decisions about the standards-and related exams-before their full weight is felt in classrooms, district offices, and state education departments in the 2014-15 school year.

  • Headlines: Alabama

    Alabama's state budgets: Agencies could face spending cuts next year | by Mike Cason | January 10, 2014

    Rep. Steve Clouse, chair of the General Fund committee, said Medicaid is expected to seek an increase of about $100 million above this year's appropriation, which was $615 million out of the total General Fund budget of $1.75 billion.

  • Headlines: West Virginia

    W.Va. gov's buget taps reserves, keeps tax rates

    Businessweek | by Jonathan Mattise | January 9, 2014

    Amid a budget shortfall, Gov. Earl Ray Tomblin plans to avoid raising taxes and give public employees raises by tapping West Virginia's rainy-day fund.

  • Headlines: Illinois

    Report: 5 state pension funds owed $100.5B

    The State Journal-Register | by Doug Finke | January 9, 2014

    The report from Auditor General William Holland's office shows the unfunded liability of the five state-funded pension systems was $100.5 billion as of June 30, the end of the state's fiscal year. That's an increase of $5.9 billion from the previous year.

  • Headlines: New Jersey

    NJ gov't faces $214 billion debt; pensions are biggest cause

    New Jersey Watchdog | by Mark Lagerkvist | January 8, 2014

    Guard your wallets and hide your bank books! New Jersey's state government is facing a $214 billion debt - more than $24,000 for every man, woman and child.

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