A federal bankruptcy choose dealt a significant blow to California's community personnel pension methods by ruling Wednesday that payments for long term worker retirements could be reduced every time a town declares bankruptcy -- much like its other debts.
Congress as well as the condition of New York try to deliver down the infrastructure bills. But what's earning them so higher?
D.C. Drinking water and Sewer Authority is considering currently being the nation's very first community utility to situation a bond which is paid off over a hundred yrs.
A the latest document leak disclosed that 4 states were being specific by a Panamanian law firm to hide property.
At a time when most governing administration businesses are only vaguely aware of the technologies, Colorado could become an early adopter.
A brand new report states one particular-3rd of states will deal with intense fiscal tension throughout the up coming financial downturn.
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The Kentucky Retirement Technique Learn More -- the worst-funded from the nation -- is desirable a ruling that authorized a nonprofit to leave the state with its unfunded pension liabilities.
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States and localities say direct loans are not just Full Report as much of an inconvenience as issuing bonds. Which may be legitimate, Nevertheless they're also riskier.
Bankruptcy grabs the headlines, but distressed cities are a far more popular issue – one which few states learn how to deal with.
His research concentrates on details and interaction technologies for social, economic and political enhancement, mostly in reduced-earnings international locations in Africa and Asia.
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There’s no certain-fireplace way to get fiscal plan right. But there are a few basic strategies to get it disastrously wrong.