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  • 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.

  • Headlines: New Jersey

    Moody's downgrades NJ debt as Christie's budget problems grow

    NJ.com | by Salvador Rizzo | May 14, 2014

    Moody's Investors Service downgraded the state's debt on Tuesday night, the latest Wall Street credit-rating agency to sound the alarm this year about New Jersey's finances.

  • Headlines: Illinois

    Illinois Democrats advance budget with tax rise

    The Bloomington Pantagraph | May 14, 2014

    Democratic lawmakers are moving forward with a 2015 budget that is based upon an extension of Illinois' temporary income tax increase.

  • Headlines: North Carolina

    McCrory to describe pay-raise path in NC budget

    WNCT.com | May 14, 2014

    Gov. Pat McCrory's proposed adjustments to the North Carolina state government budget are expected to show how he'll pay for teacher and state employee salary increases next year.

  • Headlines: Michigan

    State revenue could fall $400 million below estimate, report says

    The Detroit Free Press | by Paul Egan | May 14, 2014

    Compared to what officials estimated in January, combined revenue for 2013-14 will be down by $422 million, revenue for 2014-15 will be down $451 million, and revenue for 2015-16 will be down $397 million, the report said.

  • Headlines: Kansas

    Kansas tax revenues fall while other states see rise

    The Kansas City Star | by Brad Cooper | May 13, 2014

    The news turned worse when April tax collections fell $93 million short of estimates, followed by a slight downgrade in the state’s credit rating.


    Read more here: http://www.kansascity.com/2014/05/10/5014648/kansas-tax-revenues-fall-while.html#storylink=cpy
  • Headlines: New York

    N.Y. State Pension Assets Rise to Record $176.2 Billion

    Bloomberg News | by Freeman Klopott | May 13, 2014

    The New York State Common Retirement Fund, which provides benefits to more than 1 million state and local government workers, retirees and their beneficiaries, returned an estimated 13 percent in the fiscal year that ended March 31, Comptroller Thomas DiNapoli said.

  • Headlines: Illinois

    Illinois unions ask judge to delay new pension law

    The Chicago Tribune | by Rick Pearson | May 13, 2014

    The pension law, approved by lawmakers and signed into law in December, sets a goal of wiping out the state's $100 billion retirement debt within 30 years by reducing automatic cost-of-living increases for existing and future retirees while requiring workers to work longer before retiring.

  • Headlines: California

    City Can Change Retiree Health Benefits: CA Supreme Court

    NBC San Diego | by Andie Adams | May 12, 2014

    The state's highest court denied to hear an appeal over the benefits.

  • Headlines: Illinois

    State Budget: "It's All In Such A State Of Flux"

    WUIS.org | by Amanda Vinicky | May 12, 2014

    Gov. Pat Quinn is calling for an extension of Illinois' income tax rates, and he has the support of the Democratic leaders of the House and Senate.

  • Headlines: Missouri

    Missouri budget spends more despite flat revenues

    SFGate.com | by David A. Lieb | May 12, 2014

    Missouri tax revenues have been falling in recent months, yet spending is on the rise in the Missouri Legislature.

  • Headlines: Rhode Island

    R.I. state revenues falling short for current year, expected to improve next year

    The Providence Journal | by Randal Edgar | May 12, 2014

    Rhode Island's fiscal outlook took a short-term turn for the worse Friday, with three teams of fiscal advisers concluding that the money flowing into state coffers is not going to keep pace with rising costs or even meet the projections set last fall.

  • Headlines: New Jersey

    New Jersey looks to cut costs amid big shortfall

    Businessweek | by Geoff Mulvihill | May 12, 2014

    The treasurer reiterated something that both he and the Republican governor have said repeatedly since the dire financial report: All options are on the table.

  • Headlines: California

    Report says California owes $340.7 billion, some being ignored

    The Sacramento Bee | by Dan Walters | May 9, 2014

    The state of California is $340.7 billion in debt and while it is on track to repay much of the sum, it's not doing anything about unfunded liabilities for teacher pensions and state retiree health care, the Legislature's budget analyst said.

  • Headlines: Louisiana

    Louisiana House approves $25 billion state budget

    NOLA.com | May 9, 2014

    Lawmakers sidestepped concerns about the federal rejection of financing for the LSU hospital privatization deals already put in place by Jindal and largely funded with federal money. They made no changes to the plans.

  • Headlines: Missouri

    Mo. Legislature sends $26.4 billion budget to Gov. Nixon's desk

    The St. Louis Post-Dispatch | by Alex Stuckey | May 9, 2014

    The Missouri Legislature boosted funding for education and rejected adding low-income adults to the Medicaid rolls in a $26.4 billion budget sent to Gov. Jay Nixon's desk Thursday.

  • Headlines: Illinois

    Illinois college retirement board OKs pension fix

    The Belleville News Democrat | by David Mercer | May 9, 2014

    The board of the State Universities Retirement System voted Thursday to accept an interpretation of last year's state-pension reform law that says the law won't inadvertently cut university retirees' pensions.


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