As opposed to other oil-dependent states, Louisiana has further financial challenges that commenced approximately a decade in the past immediately after Hurricane Katrina. The legislature is meeting in special session to manage them.
Soon after years of underinvesting in IT, the condition is in search of to remodel from among the worst to one of the best digitally run in the region.
A different study finds that forty two states approach on shelling out extra future fiscal yr than they did this fiscal calendar year, but most improves might be rather smaller.
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Most areas target pensions for Price tag-reducing. But a brand new study argues it would be less difficult for governments to reduce the collective $one trillion they owe in retiree well being care.
Point out and local governments try unconventional strategies to fund their pension liabilities, for instance featuring lump-sum hard cash payments to personnel.
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Nowhere would be the problems with pension funding more evident than in Kentucky, wherever the point out dropped thousands and thousands due to inventory sector. Lawmakers are now debating how you can Get well.
He’s not the governor. He’s not a lawmaker. But thanks to the way he runs his state’s pension programs, David Bronner may be the most powerful male in Alabama.
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The stress that all state and local taxes location on Americans has fallen right after hitting a national high in 2010.
A completely new ebook explores if putting community property underneath Experienced management results in greater federal government prosperity.
accounting companies and usage of audit Operating papers fromaccounting firms," Canadian Photo voltaic spokesman David Pasquale saidin an e-mail. "Canadian Photo voltaic has entirely cooperated While using the SEC,including instructing our audit business to launch the workingpapers, and disclosed the subject inside our filings."
Voters conveniently passed a ballot measure making it possible for go to this website judges to strip pensions from any community servant convicted of a position-related criminal offense.