Finance

Legal Challenge Over $14 Billion in State Debt Is Sidelined For Now

A judge has blocked the Illinois case from proceeding, but the think tank CEO who brought it says he plans to appeal.

Voters in One City to Decide On an Unusual Pension Funding Proposal

A pending ballot proposition in Phoenix calls for imposing strict limits on city spending until funding for the city’s retirement programs reaches a certain threshold.

Socking Away Money for the Bad Times Requires Strategic State Practices

The Volcker Alliance report grades states on their reserve fund balances and policies and makes 10 recommendations for how states can control withdrawals from rainy day funds, replenish spent funds, and address revenue volatility.

Gap Grows Between Well-Off and Troubled State Public Pension Plans

The findings from The Pew Charitable Trusts come as the U.S. enters a record phase of economic expansion.

Report: State Expenditures Now Growing at Greatest Clip Since Before the Recession

A new report estimates state expenditures will grow to $883 billion and rainy day funds will reach $68.2 billion in fiscal 2019.

Years Later, the Recession’s Sting is Still Tough to Shake for Many States

New research takes a look at the lingering mark the downturn left on state budgets.

Congress Must Give States The Tools To Rebuild America’s Infrastructure

COMMENTARY | The federal government hurt state and local governments’ ability to invest in our failing infrastructure last year; now they have a chance to correct that mistake.

Poll: Despite Struggles, Rural Americans Feel Connected to Communities

Civic engagement is high among rural residents, which may offset negative feelings about financial insecurity and access to health care.

Pensions Have Shifted To Riskier Investments, Ratings Agency Finds

But the new report says that this trend isn’t necessarily producing stronger returns.

Featured eBooks

Nine States Where Tax Revenues Have Been Slow to Recover Since the Great Recession

Budgets remain off in some states nearly a decade after the downturn ended, a new analysis shows.

Latest Opportunity Zones Guidelines Offer More Clarity For Business Investments

"This reg removes a lot of the most obvious impediments that have kept capital on the sidelines,” says one expert.

A Silicon Valley Approach To Financing Affordable Housing

COMMENTARY | Both innovative and on brand: San Francisco is using an accelerator to get money to affordable housing developers

Not Out of the Woods Yet—State Borrows $100 Million As it Looks to Solve Forest Controversy

The story of Oregon's Elliott State Forest is one of logging, litigation, old trees, imperiled animals, and school funding.

Americans Are Going Bankrupt From Getting Sick

Doctors’ bills play a role in 60 percent of personal-bankruptcy filings.

Give Up Some Green to Go Green? Bond Investors May Be Reluctant

New research finds the pricing of tax-exempt municipal “green bonds” is nearly identical to similar non-green securities.

Considering a State Bank for Local Governments

Proponents say it could help with infrastructure financing, particularly for smaller jurisdictions. Bankers are skeptical.

Financial Institutions Working in Distressed Areas Call for More Federal Funding

“I have a strong suspicion that the current administration will propose yet again to slash the funding for the coming fiscal year,” says a Democratic appropriator.

Coalition of Governors Push to Restore State, Local Tax Deduction

“This is politics masquerading as tax policy,” New Jersey Gov. Phil Murphy said.