Pew's States' Fiscal Health initiative provides data, analysis, and guidance to help states navigate their fiscal challenges and identify and understand potential policy approaches. We examine key issues and promising approaches on both sides of the ledger—revenues and expenditures.
Why Understanding States' Fiscal Health Matters
States are emerging slowly from the Great Recession. In many states, revenues are gradually recovering but have not yet returned to pre-recession levels, and rising health care, education, and infrastructure costs are outpacing their growth. States’ fiscal health is critical to the nation’s economic recovery.
How We Conduct Our Work
Pew illuminates states’ fiscal challenges on both sides of the ledger—revenues and expenditures—and helps lawmakers, key stakeholders, and the media identify and understand potential policy options. We produce original research, including comprehensive 50-state assessments that compare and contrast states’ experiences and highlight promising approaches. And we convene policy leaders and experts in the field to discuss common challenges and learn from each other.
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Promises with a Price
Pew's first 50-state analysis of the long-term costs of public sector retirement benefits found that most states had saved enough to cover about 85 percent of their long-term pension costs, but only three percent of the funds needed for promised retiree health care and other non-pension benefits.
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