Taxpayers’ public pension nightmares are worse than they seem, and local governments face the prospect of tax increases or even bankruptcies caused by mounting levels of pension debt.Read More →
By Mark Lagerkvist | New Jersey Watchdog
New Jersey’s public pension crisis will soon hit the fan.
Gov. Chris Christie sounded the alarm near the end of his 2014 State of the State address. After speaking of plans to improve education, fight crime, expand health care, lower taxes and grow jobs, the state’s chief executive told the [...]
By Rob Nikolewski │ New Mexico Watchdog
SANTA FE, N.M. — It was barely noticed on Capitol Hill, but the budget deal that just passed both houses of Congress changes the split between the federal government and states when it comes to royalties in oil and gas collected on federal lands by 1 percent.
That may not sound like [...]
By Jon Street | Vermont Watchdog
BURLINGTON, Vt. — Vermont taxpayers will lose out on $4.1 million this year, and it’s all because the Department of Corrections had one less employee keeping an eye on the budget, says the state’s director of health services.
Vermont’s director of health services says the reason there was a $4.1 million shortfall [...]
A memo to budget-crafting lawmakers and state officials: Think things were hard the past two years? Well, they aren’t about to get any easier.Read More →