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 massive downturn in the beleaguered oil market is compounding financial problems for U.S. states and local governments that rely on energy production for revenue and raising concerns for their bond investors, analysts said on Tuesday.
Every December, the state Legislature meets to receive a budget proposal from the governor. This proposal is the starting point for the legislative budget process, which ends with the passage of a budget bill at the end of session in March.
It's that time of the year again when we find out how deep in the red our country is thanks to the 2018 edition of the Mercatus Center State Fiscal Rankings.
The filing deadlines for candidates to enter state legislative races have already passed in 31 states.
A new report finds that states' funding gap for public employee pensions hit a record $1.4 trillion in 2016.
Forty-one U.S. states do not have enough money to pay their bills, collectively they have racked up $1.5 trillion in unfunded liabilities.
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.
In this Research & Commentary, Matthew Glans examines how many states hide their true pension liabilities through their accounting practices and how states can make their reporting more accurate.
Voters worried that Congress and the White House can't tame federal borrowing may be overlooking another big debt bomb closer to home.
At the state level, public pension funds bear significant stress.
Roundup of recent news by Liz Farmer, includes "... When it comes to where taxpayers get the best bang for their buck, New Hampshire rises to the top.
Government workers need to fully assess how this income stream fits into their future retirement income plans.
Enacted state budgets for fiscal 2016 represent a sixth consecutive year of spending and revenue growth, according to this report.
The effects of the recession still reverberate in various parts of the U.S., falling deeper into debt and leaving millions of Americans wondering whether the recession has indeed blown over. Since 2008, a total of 14 municipalities, including Detroit, have declared the rare Chapter 9 bankruptcy.
Op-ed by South Dakota Governor Dennis Daugaard.
"... South Dakota is in the top five of states with the best fiscal health. …”
"...TIA researchers ranked Wyoming as the third best Sunshine State..."