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  • Headlines: Texas

    Texas considers options to avoid pension shortfall for state retirees

    The Dallas Morning News | December 16, 2013

    Officials monitoring the state pensions system say they face tough decisions to avoid a multibillion-dollar shortfall and the possibility of insolvency decades from now.

  • Headlines: Virginia

    State budget: little wiggle room, much wiggling expected

    Daily Press | by Dave Ress | December 16, 2013

    Nobody was expecting much wiggle room in the state's next budget, but on his way out the door, Gov. Bob McDonnell wriggled free a boost in spending on mental health and higher education, as well as money for a slavery museum.

  • Headlines: Illinois

    Quinn touts lower borrowing costs after pension overhaul

    The Chicago Tribune | by Ray Long | December 13, 2013

    Illinois taxpayers saw the first fruits of a massive government worker pension overhaul Thursday, saving $20 million because the new law helped lower the cost of borrowing money for roads, schools and public works projects, officials said.

  • Headlines: Texas

    Texas budget certified with extra $2.5B

    Businessweek | December 13, 2013

    The state's chief accountant says a booming Texas economy has created an extra $2.5 billion in unspent revenue.

  • Headlines: Alaska

    Gov. Parnell proposes $12.4 billion Alaska budget

    The Anchorage Daily News | by Becky Bohrer | December 13, 2013

    Alaska Gov. Sean Parnell proposed a $12.4 billion state budget for next year that would require using $1.1 billion in savings to balance before legislators get to work on it.

  • Headlines: Wisconsin

    Scott Walker: State budget deficit drops 23% under strict accounting rules

    The Milwaukee Journal Sentinel | by Jason Stein | December 12, 2013

    The report cites the Generally Accepted Accounting Principles, or GAAP, used by publicly traded companies. Those principles demand that the state put liabilities on its books as soon as it makes a hard commitment to spend rather than waiting until the money is actually spent.

  • Headlines: California

    Calif. Assembly Democrats urge $8B budget reserve

    Businessweek | by Don Thompson | December 12, 2013

    California Assembly Speaker John Perez pledged Wednesday to cautiously begin restoring funding to some social programs that were slashed during the recession and said lawmakers will ask voters to approve a revised rainy day fund on the November 2014 ballot.

  • Headlines: Alaska, North Dakota, Texas, Wyoming

    Energy states have the biggest budget cushions

    The Washington Post | by Niraj Chokshi | December 12, 2013

    Every single state ended the 2013 fiscal year with spare cash, but the ones with the biggest relative stockpiles also happened to be big energy producers.

  • Headlines: Maine

    Democrats planning to circumvent LePage, craft their own state budget

    The Bangor Daily News | by Christopher Cousins | December 12, 2013

    Gov. Paul LePage's refusal to submit a budget revision bill this fiscal year has spurred Democrats in the Legislature to take the lead in crafting a supplemental budget, something that hasn't happened in Maine in recent memory.

  • Headlines

    Public pension cuts seem here to stay

    BenefitsPro | by Steven Lang | December 12, 2013

    One needs look no further than Wall Street. Early signs indicate at least some are just fine with this plan to ease municipal financial pain.


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