By Patrick B. McGuigan | CapitolBeatOK
OKLAHOMA CITY — Gov. Mary Fallin wanted to consolidate Oklahoma’s half-dozen employee pension funds, but did not happen this year.
And that likely contributed to her decision to veto a reform that would have shifted some government employees away from the defined-benefit system pension that many analysts say is unsustainable.
An attempt to [...]
In a capital city teetering on the brink of bankruptcy, and the first city in the nation to be charged by the federal Securities and Exchange Commission with misleading investors, the Pennsylvania state government is beginning the process of putting together a budget.Read More →
By Ryan Ekvall | Wisconsin Reporter
MADISON – The Wisconsin Economic Development Corp. was created, in part, to shed the encumbrances of the public sector in its mission to help Wisconsin businesses develop and create jobs. The public-private partnership, its creators assured, would be nimble and responsive to business needs, while shedding the skin of government [...]
Pennsylvania has an extra $67 million in the bank with two months to go in the fiscal year.
But that won’t make the budget process any easier.Read More →
The city of Portsmouth plans to take on more debt to fund employee pension liabilities it already can’t afford. It’s a move public pension experts call irresponsible, shortsighted and risky.Read More →