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Kentucky currently has one of the largest pension funding gaps of any U.S. state.
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Unless lawmakers in local and state governments act now, the problem of underfunded public pension plans will come ashore in the foreseeable future, hitting taxpayers with tax hikes and crippling debt, a true financial hurricane caused by decades of elected officials’ poor planning.
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Illinois Governor Pat Quinn on Wednesday presented his proposed budget for the next fiscal year and pronounced it “the most difficult budget Illinois has ever faced.” He added, “There are…
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Long after ramping up benefits radically during the pre-2008 economic growth period (and collecting lots of votes from unionized teachers), Michigan lawmakers are now reluctant to address the state’s imprudent,…
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I used to live in California. I like to joke (to keep from crying) that I left the political and fiscal mess of the formerly Golden State for the sunny…
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