Kentucky Governor Gives Short Notice on Pension Special Session

Days after the state Supreme Court strikes down a controversial pension reform law, teachers and other public employees rush to Frankfort—again.

Worried About the Next Recession? Here’s What to Watch

A new study suggests looking at peaks in financial cycles.

Federal Watchdog Offers Gloomy Outlook for State and Local Budgets

U.S. Government Accountability Office estimates show mounting fiscal pressures over the next 50 years.

The Reason Why Kentucky’s Pension Reform Law Was Struck Down

Gov. Matt Bevin, who championed the legislation, called Thursday’s state Supreme Court ruling “an unprecedented power grab by activists judges.”

Chicago’s Pension Fix Might Involve Marijuana

STATE AND LOCAL ROUNDUP | California proposal calls for text messaging fees … Philly mayor’s office to pay interns … and Anchorage quake damage data.

Actually, Millennials May Be the Wealthiest Generation

Recent coverage about millennials' wealth, debt and income could be missing the bigger picture.

Major Takeaways From the Volcker Alliance’s New Grades for State Fiscal Health

COMMENTARY | New Jersey’s former budget director and state comptroller highlights some of the good, bad and the ugly budget practices.

Detroit’s Long-Term Budget Stability Finds Firmer Fiscal Footing

“Eliminating this debt cliff removes another major roadblock for Detroit’s long-term recovery,” according to Mayor Mike Duggan.

How States Can Balance Saving for a Rainy Day and Other Priorities

The case for rules tied to revenue volatility.

Marijuana Gets Attention as Possible Subway Funding Source

New York City's mass transit system has been facing financial stress and service problems. Could legalizing pot help?

The Little Town That Pot Built

Garden City, Colorado, has fewer than 300 residents, but has spent $3 million on downtown infrastructure upgrades since retail marijuana was legalized.

Debt Dispute in Missouri Unresolved, as Payment Deadline Passes

Platte County's reluctance to pay debt costs linked to a shopping center has captured attention within the municipal bond market.

States Rush to Collect Online Sales Tax

The process will be more of a struggle in some states than others.

The Fiscal Need to Find a ‘Second Life’ for Underutilized Parking Lots

Revenue streams from parking lots and garages are expected to be undermined as autonomous vehicle technology improves and is more widely adopted.

The People of Ohio Can Now Pay Their Taxes in Bitcoin

The program, the first in the country, starts this week.

Mayor Discusses Local Impacts of GM’s Newly Announced Plant Closures

“This isn’t just a GM issue. People aren’t buying cars” like they once did, according to Lordstown, Ohio Mayor Arno Hill. “We’ve prepared for this.”

When a Local Government is ‘Unwilling’ to Cover Debt Costs

Lawmakers in Platte County, Missouri are hesitant to assist in picking up the tab for bonds related to a retail project.

Federal Funds Set to Flow to New Light-Rail Line in Seattle Area

The full funding grant agreement will “get this critical project underway soon,” according to U.S. Sen. Patty Murray.

State Revenue Volatility and Optimal Reserve Size Are Directly Linked

Comparison of states provides insight into their ability to weather an economic downturn