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The House overwhelmingly passed a bill to permit the treasurer to allocate 5 percent of state cash to cut student debt.
As of 2016, over 50% of Baton Rouge’s revenues were obligated to pay for pensions, but the city-parish only paid roughly half of what was due, The Wall Street Journal reports.
The wide-margin victory of Lori Lightfoot in the runoff election for Chicago mayor is no surprise, and neither is the reaction of many news outlets. In contemporary politics and society, the gender, race and personal life of Mayor-elect Lightfoot get major emphasis.
The extended bull market in the U.S. has led to only modest gains in the funded ratios for many state pension plans because they are in the midst of a multiyear reduction in their expected rates of return.
Oregon Gov. Kate Brown has released her plan to improve the funding for the Oregon Public Employees Retirement System (PERS). The state’s retirement system currently has a funded level of 80%, and rates are projected to increase until 2035.
So April 15th has come and gone. Did you get a refund? Or did you have to send a check to Uncle Sam? It turns out that millions of Americans who are used to getting a refund from the IRS are having to pay up this year.
New Jersey has become a case study for financial disaster (forgive the cynical language, but you try to define the NJ balance sheet and budget in one word).
Is federal deficit spending a problem? You bet. But it isn’t our biggest problem yet.
It’s happening again. People who should know better are pointing to California’s current budget surplus as proof that the state, the world’s fifth largest economy, is in sound financial shape.
While the ACLU and Americans for Prosperity might not always see eye to eye on matters of policy, we can agree that it makes no sense to take away a person’s ability to drive and earn a living for reasons that have nothing to do with keeping our roads safe — especially the inability to pay a fine.