11 Figures: State Pension Gap Swells in Maryland
The deficit in state spending on pension funds in Maryland has swollen to $17.5 billion and shows no sign of stopping its climb to the breaking point:
Pension officials said the state’s pension funds have promised to pay out $17.5 billion more than Maryland has put aside. The State Retirement and Pension System of has about [...]
Kansas Watchdog Analysis: State En Route to Budgetary Train Wreck
Kansas Watchdog reports on the state’s growing budgetary woes:
SRS has a growing backlog of needy citizens.
Educators say K-12 schools need $70 million more in 2010.
And the state is expecting a budget shortfall of $500 million or more in 2010 — even without factoring in requests for more spending.
One way to help fix the problem [...]
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