Tags » State Deficits

The Hopelessness of State Finances

A new report from the State Budget Crisis Task Force received nearly universal coverage by the media. One reason is that the task force was led by legends Paul Volcker and Richard Ravitch. 587 more words

Economy

States expand lucrative pensions to more jobs

Source: States expand lucrative pensions to more jobs – USATODAY.com.

In Illinois, where highway maintenance workers earn up to $148,000 a year with overtime, early enhanced retirement can pay a $75,000-a-year pension at age 50 after 25 years on the job.

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In The News

Forecast predicts slow job growth in Sacramento region

State deficits could reach $40billion, again.  It is already at $21 billion. Local governments do not have enough money for public safety AND to pay for pensions.  37 more words
Local

Teachers Decide To Work For Free After Budget Cuts Leave Pennsylvania School District Without Funds For Salaries

manader on Jan 6, 2012 at 3:55 pm

A teacher at Chester Upland Schools
The Chester Upland School District in Delaware County, Pennsylvania suffered a serious setback when Gov. 358 more words

Education

Activist Judge Blocks Wisconsin's New Union Law

Liberal activist judges across America are misusing their power to block laws and voters’ initiatives (e.g., California’s anti-gay marriage Prop. 8) which they don’t like. 438 more words

Culture War

Something I don't understand about state budget deficits

As last night’s podcast might suggest, I’ve been thinking about deficits lately. We hear they’re a pretty big problem, right? So I played around with some numbers. 251 more words

States Overestimated Receipts--Pew

The Pew Center on the States and the Rockefeller Institute of Government have released a report which says that states overestimated the amount of money they would bring in by an aggregate 10% in 2009. 327 more words

Investing