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A federal bankruptcy choose dealt a significant blow to California's public personnel pension devices by ruling Wednesday that payments for future worker retirements is usually lessened each time a town declares bankruptcy -- just like its other debts.
At this moment, the condition's lottery proceeds completely go toward schooling. But voters could modify that Tuesday.
Previous Maryland Gov. Martin O'Malley, a possible presidential contender, wishes far more states to undertake a fresh measurement Resource known as "Web existing price additionally."
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Education and learning funding has nonetheless to get better from the economic downturn in several states. But nowhere is the specific situation additional dire than in Oklahoma.
A fresh study offers the top data up to now on simply how much the tax exemption on municipal bonds, which are frequently used to finance sports stadiums, will save condition and native governments. August 21, 2015 The 7 days in Community Finance: Downgrades, another Economic downturn and Undesirable Vacations
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A fresh examine implies outsourcing governing administration companies check over here can disproportionately impact low-money customers' funds, overall health and basic safety.
In his Condition on the Union, the president proposed expanding a method that encourages condition and native governments to buy infrastructure tasks with community-non-public partnerships.
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