Includes “…Chicago, which also has a pension problem, handled it just how we hope to avoid in Delaware. Mayor Rahm Emanuel initiated numerous taxes, from a large property tax hike in 2014 to a 911 communication tax.”
The 2020 Financial State of the States report surveys the fiscal health of the 50 states prior to the coronavirus pandemic. This data is released today by Truth in Accounting (TIA), a think tank that analyzes government financial reporting.
How large could the shortfall in state government general revenues be, amidst the coronavirus and related crises?
The coronavirus pandemic is paving the way for a state budget crisis that will likely be deeper than any Maine has seen in decades.
“… In 2018, the 50-state average student debt per capita was $5,438.04, which placed Delaware above average and Arizona below average for student debt. Hypothetically, if every U.S. citizen was willing to pay $5,438.04, we could erase all student debt in the U.S. Unfortunately, money doesn't grow on trees, so it looks like you're on your own for this one.”
Intro includes “… She’s deep into the dark, dark arts of government accounting.”
See the financial condition of Alaska, Connecticut, Delaware, Iowa, Illinois, North Dakota, Utah, Washington and West Virginia.
Small departments get large amounts. How much is being sold?
Twenty-five states are currently facing a revenue shortfall, which is a marked improvement over our report from last year, when 31 states were in deficit.
How trustees of state-sponsored pension plans value the cost of future liabilities, and in turn determine funded ratios, is a touchy subject among retirement policy experts and lawmakers.
Delaware officials are rebuffing a report from a nonprofit that gave the state an "F" rating over its fiscal health.
Delaware ranks near the bottom in a measurement of state debt.
A new report has given Delaware an "F'' grade for its fiscal health.
Democratic Sens. Chris Coons (Del.), Brian Schatz (Hawaii) and Michael Bennett (Colo.) have filed the End the Threat of Default Act, which would repeal the borrowing cap.
A couple weeks after the conclusion of his first budget process as governor, Gov. John Carney didn’t mince words about the job the state’s legislators did filling a nearly $400 million shortfall on a $4.1 billion budget for Fiscal Year 2018.
By Daniel Mugge, includes “Ten years ago, on 2 April 2007, the US subprime mortgage lender New Century filed for bankruptcy in a Delaware court. It was an obscure first domino to fall. But one and a half years later, Lehman Brothers was insolvent, and global finance on the brink of meltdown.
A decision by the 9th Circuit Court of Appeals yesterday could have big implications for a Delaware case where plaintiffs are arguing that Fannie Mae and Freddie Mac are Delaware corporations and therefore are subject to state, not federal law.
Enacted state budgets for fiscal 2016 represent a sixth consecutive year of spending and revenue growth, according to this report.