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  • Headlines: New Jersey

    Chris Christie to reduce pension payments to balance NJ budget

    NJ.com | by Salvador Rizzo | May 21, 2014

    In a stunning reversal, Gov. Chris Christie today announced plans to grab, over two years, $2.43 billion meant for public workers' pensions to balance New Jersey's ailing state budget.

  • Headlines: Florida

    Scott receives state budget, but most bills haven't reached desk

    The Tampa Bay Times | by Steve Bousquet | May 20, 2014

    A light touch will be welcomed by lawmakers but not by fiscal conservatives.

  • Headlines

    Revenues in half the states still haven't recovered

    The Washington Post | by Niraj Chokshi | May 20, 2014

    In 26 states, revenues today are lower than they were at their early-recession peak, according to a new Pew analysis.

  • Headlines: Virginia

    McAuliffe says state faces possible $300M shortfall

    Virginian-Pilot | by Julian Walker | May 20, 2014

    Virginia's protracted budget dispute has taken a surprising turn for the worse. New tax data suggests a $300 million shortfall this fiscal year, and that could compel fractious legislators to redouble efforts to find an elusive compromise.

  • Headlines: Kentucky

    Fitch: Kentucky pension is the country's worst

    Louisville Business First | May 20, 2014

    The non-hazardous pension under the Kentucky Employee Retirement System has about 25 percent of the money it would need to cover obligations to retirees.

  • Headlines: Alabama

    Without changes, Alabama's pension funds could run dry within decade, study warns

    AL.com | by Brendan Kirby | May 20, 2014

    Alabama's state pension funds could run out of money within a decade if lawmakers do not address a looming shortfall, a new study from Troy University's free market think tank warns.

  • Headlines: North Carolina

    Legislators dig in to McCrory budget proposal

    The State | by Lynn Bonner | May 19, 2014

    The state Senate is diving into the details of North Carolina Gov. Pat McCrory's proposed $21 billion budget and will put out its own version in two or three weeks.

  • Headlines: New Jersey

    Budget shortfall puts N.J. in a tough spot

    Philly.com | by Maddie Hanna | May 19, 2014

    With a budget time bomb ticking down and just six weeks left on the clock to find $800 million in revenue, state officials are warning of very tough choices that could affect payments to schools, hospitals, and the state pension system.

  • Headlines: Oklahoma

    Oklahoma state budget deal: Thousands of workers to get a pay raise for first time in years

    NewsOK.com | by Rick Green | May 19, 2014

    Budget deal includes pay raises for thousands of troopers, prison guards child welfare workers and other state employees, and a plan to fix crumbling Oklahoma Capitol.

  • Headlines: Pennsylvania

    State budget pressures revive talk of shale gas tax

    WITF.com | May 16, 2014

    Governor Corbett's longstanding opposition to an extraction tax on natural gas in Pennsylvania is running up against the reality of weak state revenue collections and election-year spending pressures.

  • Headlines: Vermont

    Legislative wrap: State budget grows by 4.1 percent

    VT Digger | by Hilary Niles | May 16, 2014

    The $5.5 billion price tag is about 4.1 percent more than the current year, which ends June 30.

  • Headlines: New Mexico

    NM's revenue from feds tenth highest among states, study says

    Albuquerque Business First | by Dennis Domrzalski | May 16, 2014

    New Mexico state government got 37.9 percent of its revenue from the federal government in FY12.

  • Headlines: Illinois

    AG Madigan defends state pension law

    The Chicago Tribune | by Rick Pearson | May 16, 2014

    Illinois Attorney General Lisa Madigan filed the state's first response to a series of challenges to the new law aimed at resolving the state's government worker pension debt, arguing that changes in retirement benefits were a "valid exercise" of the state's authority.

  • Headlines: North Carolina

    McCrory unveils $21B NC budget for next year

    The News & Observer | May 15, 2014

    The Republican governor said what's still included is the signature piece of his plan he announced last week- raises for public school teachers and almost all state employees.

  • Headlines: Illinois

    Madigan: Pass budget now, round up tax hike votes later

    The Chicago Tribune | by Monique Garcia and Ray Long | May 15, 2014

    Illinois Democrats are taking a spend first, find-the-money-later approach as they craft a new state budget.

  • Headlines

    Fitch: State pension plans' funding climbs in 2013 despite low contributions

    Pensions & Investments | by Rob Kozlowski | May 15, 2014

    While the funding ratios of U.S. state defined benefit pension plans improved in fiscal year 2013, significant challenges remain, according to a Fitch Ratings report.

  • Headlines: Illinois

    Judge halts Illinois pension reform law

    The Chicago Tribune | by Ray Long | May 15, 2014

    Retiree groups and a union coalition called We Are One Illinois won a temporary restraining order and preliminary injunction in Sangamon County Circuit Court that will put the law on hold and prevent it from taking effect on June 1.

  • Headlines: Michigan

    Dropping revenue forecasts may rein in Michigan spending plans

    The Detroit News | by Gary Heinlein | May 15, 2014

    State lawmakers and Gov. Rick Snyder likely will have to rein in their spending plans for next year - including extra money to fix potholed roads and crumbling bridges - based on lower-than-expected revenue forecasts.

  • Headlines: New Hampshire

    Hassan to issue freeze on hiring, out-of-state travel in response to low revenues

    The Concord Monitor | by Kathleen Ronayne | May 15, 2014

    April revenue from business taxes and the interest and dividend tax came in well below projections.

  • Headlines: California

    Gov. Brown's revised budget proposal boosts spending for Medi-Cal

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

    Enrollment in the state's healthcare program for the poor has soared past expectations as a result of President Obama's federal overhaul, Gov. Jerry Brown said Tuesday, and by next year about a third of Californians will be covered, costing hundreds of millions of dollars more than anticipated.


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