By Debra Brubaker
Candidate 2012, University of California, Hastings College of the Law; Doctor
of Philosophy, University of Minnesota.
Excerpt from Too Big to Fail and Too Big to Pay: States,
Their Public-Pension Bills, and the Constitution , 39 Hastings Const. L.Q.
By Gavin Reinke*
* Candidate for Doctor
of Jurisprudence, May 2012, Vanderbilt University Law School.
Excerpt from When a
Promise Isn't a Promise: Public Employers' Ability to Alter Pension Plans of
Retired Employees, 64 Vand. L. Rev. 1673 (October 2011)
The economic downturn...
economic downturn has impacted state and local government revenues, and the
costs associated with maintaining defined benefit pension plans and unfunded
liabilities are on the rise. Legislation has been drafted to address perceived
problems with state and local public pensions to require them to...
Budget & Taxes
SUPREME COURT REFUSES TO HEAR NY 'AMAZON TAX' CASE: On the same day that consumers were making Cyber Monday the busiest online shopping day in history (see Bird's eye view), the U.S. Supreme Court denied petitions from Amazon and Overstock to review a case from New York's...
As the Great Recession finally vanished in the rear-view mirror, states realized a return to fiscal stability in 2013. But many states also found 2013 to be a year of living dangerously as they struggled with increased pension debts of their own making and unresolved issues dumped in their laps by the...
Budget & Taxes
FL HURRICANE BONDS ON RISE: Six years ago, Florida's government-run property insurer, Citizens Property Insurance Corp., paid Warren Buffett's Omaha, Nebraska-based Berkshire Hathaway Inc. $224 million in exchange for a guarantee that the company would buy bonds issued by...