Return to Revenue and Spending issues page.
- States' Fiscal Health
More than four years after the Great Recession officially ended in June 2009, states’ financial conditions are improving, but most have yet to get back to where they were on some key measures of fiscal health. And recovery to prerecession levels is just one hurdle. more
- Issue Brief
More than $1 trillion in unfunded pension promises made to current and retired government employees are placing a strain on state and local budgets, prompting policymakers across the country to take a closer look. more
- Stateline Dispatch
Volcker-Ravitch task force says states must stop plugging budget gaps with gimmicks and one-year fixes.more
- Public Sector Retirement Systems
It might come as a surprise to some, given the drumbeat of reports about underfunded public pensions, that a number of states and localities boast retirement systems that consistently perform well: In North Carolina and Milwaukee, for example, policymakers paid their pension bills when they came due and raised benefits only after determining how to pay for them.
A number of the nation’s key cities face unpaid bills for the retirement benefits they have promised their employees. This report examines pension and retiree health care funding in 61 cities—the most populous one in each state plus all others with populations over 500,000—and looks at options for reform.