Pension Obligations Shortchanging States' Future Prosperity: State Net, March 21, 2011

Public employees are under the microscope as states struggle for the third consecutive year to balance budgets with below-normal revenues during a weak and slow economic recovery. Wisconsin, it turns out, was a sign of the times. When Wisconsin Governor Scott Walker (R) and his GOP legislative majority...

State Net: Brown Pitches Major CA Pension Overhaul

California Gov. Jerry Brown (D) has proposed a 12-point plan to reform public employee pensions in the Golden State. Brown says he wants to put his proposal before voters in November 2012. The linchpin of Brown's plan would involve moving future workers from a defined benefit plan enjoyed by...

State Net Capitol Journal – March 12th, 2012

c Budget & Taxes FL JUDGE SIDES AGAINST STATE IN PENSION CASE: A Florida circuit court ruled last week that Gov. Rick Scott (R) and Republican legislative leaders' decision last year to cut public employee salaries to offset the state's contribution to their pension fund was an...

State Net Capitol Journal – March 12th, 2012

c Budget & Taxes FL JUDGE SIDES AGAINST STATE IN PENSION CASE: A Florida circuit court ruled last week that Gov. Rick Scott (R) and Republican legislative leaders' decision last year to cut public employee salaries to offset the state's contribution to their pension fund was an unconstitutional...

State Net Capitol Journal – March 19th, 2012

Budget & Taxes WV COMMITS TO PAYING DOWN PENSION DEBT: West Virginia's unfunded pension liability - estimated at $10 billion last year - is one of the highest per capita in the nation. But the state became a standout on the issue in a very different way last month when lawmakers approved...

State Net Capitol Journal – March 19th, 2012

Budget & Taxes WV COMMITS TO PAYING DOWN PENSION DEBT: West Virginia's unfunded pension liability - estimated at $10 billion last year - is one of the highest per capita in the nation. But the state became a standout on the issue in a very different way last month when lawmakers approved...

State Net Capitol Journal – April 2, 2012

Budget & Taxes PENSION SANCTITY MAY BE TESTED IN CA BANKRUPTCY: Financially troubled Stockton, California is currently in mediation with its creditors to determine whether it will file for Chapter 9 bankruptcy. The bankruptcy process is typically a collective one in which the creditors of the...

State Net Capitol Journal – April 2, 2012

Budget & Taxes PENSION SANCTITY MAY BE TESTED IN CA BANKRUPTCY: Financially troubled Stockton, California is currently in mediation with its creditors to determine whether it will file for Chapter 9 bankruptcy. The bankruptcy process is typically a collective one in which the creditors of the...

State Net Capitol Journal – April 9, 2012

Budget & Taxes RISKY PENSION INVESTMENTS NOT PAYING OFF: Hoping to boost their investment returns and shrink looming deficits, public pension systems across the nation have been turning to riskier investments, such as private equity and hedge funds. But their returns haven't been rising nearly...

State Net Capitol Journal – April 9, 2012

Budget & Taxes RISKY PENSION INVESTMENTS NOT PAYING OFF: Hoping to boost their investment returns and shrink looming deficits, public pension systems across the nation have been turning to riskier investments, such as private equity and hedge funds. But their returns haven't been rising nearly...

State Net Capitol Journal – April 16, 2012

Budget & Taxes CT PULLS PLUG ON MANAGED CARE FOR MEDICAID: The way states used to pay doctors and hospitals for treating Medicaid patients was by directly reimbursing them for the services they rendered. But spurred by criticism that the so-called "fee-for-service" method encouraged...

State Net Capitol Journal – April 16, 2012

Budget & Taxes CT PULLS PLUG ON MANAGED CARE FOR MEDICAID: The way states used to pay doctors and hospitals for treating Medicaid patients was by directly reimbursing them for the services they rendered. But spurred by criticism that the so-called "fee-for-service" method encouraged...

State Net Capitol Journal – September 23, 2013; New Jersey Overhauls Corporate Tax Breaks

Budget & Taxes NJ OVERHAULS CORPORATE TAX BREAKS: Looking to spur job growth in the Garden State, New Jersey Gov. Chris Christie (R) signed legislation last week to expand the state's corporate tax incentives. Under AB 3680, the New Jersey Economic Opportunity Act of 2013, the state will lift...

State Net Capitol Journal – November 11, 2013: Tech Industry Curbs Taxes

Budget & Taxes TECH INDUSTRY CURBS TAXES: As the nation's economy has shifted from goods-based to service-based, some states have sought to counter the resulting revenue hit by taxing technological services like the updating of computer software. But few have succeeded. In fact, according...