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The LATEST from NJ
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- Stateline Story
Spinning the Stimulus
Economists credit the federal stimulus package for helping bring an end to the recession. Most governors say the money prevented more drastic spending cuts and tax increases in their states. But a few Republican governors who took the money contend the stimulus was a mistake.more -
- Stateline Story
Is It ‘Raining’ Hard Enough?
Faced with historic revenue drops, states have tapped their rainy day funds in fiscal 2009 and 2010 at levels not seen since the 2001 recession to help close budget gaps totaling some $290 billion. The decision to go to these funds has renewed the debate about how much states should be setting aside in reserves and when to use the money. A few states, meanwhile, have been able to leave their funds intact.more -
- Stateline Story
Worst Is Yet to Come, Governors Say
TODAY'S TAKE: The fiscal year that begins in July for most states will be "the most difficult to date," according to a survey of 45 states released at the winter meeting of the National Governors Association.more -
- Stateline Story
States Tackling Public Employee Retirement Benefits in 2010
Since legislatures convened last month, at least 16 states are weighing changes to their worker pension plans. Employees, retirees and unions say they will contest some of the proposals.more -
- Featured Collection
- States' Fiscal Health
Fact Sheets: The Trillion Dollar Gap
This 2010 report on funding state employee retirement benefits examined the roots of states' significant shortfall and how the economic crisis spurred states into action.
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- State Fact Sheet
The Trillion Dollar Gap: New Jersey
New Jersey’s management of its long-term pension liability is cause for serious concern and needs to improve how it handles its retiree health care and other benefit obligations.
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- Report
- States' Fiscal Health
The Trillion Dollar Gap
States that ignored public sector retirement challenges now face growing bill coming due—bills that may have significant consequences for taxpayers. This report from the Pew Center on the States examined the roots of the problem and how the economic crisis is spurring states into action.
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- Stateline Story
New Governors Get Into Budget-Cutting Act
TODAY'S TAKE: Republican governors Chris Christie of New Jersey and Bob McDonnell of Virginia swept into power last November on promises of leaner, more efficient state government. Now they're trying to put their words into action, pitching budget plans that slash hundreds of millions of dollars from schools, health care and other fundamental state services.more -
- Stateline Story
2010 Elections: New Faces, Daunting Problems
Barack Obama won the presidency running on a platform of change in 2008, and change also will be the watchword in 2010 at the state level. Bruising budget battles could put voters in a testy mood and usher in a wave of new faces to lead state government, where Democrats now hold the majority of governorships and statehouses.more -
- Stateline Story
Is It Time for a New Fiscal Balance Between States and the Feds?
In his 1982 State of the Union address, President Ronald Reagan called for sweeping changes in the partnership between Washington and the states. His proposal for a grand swap of state and federal responsibilities would have relieved states of one of the fastest-growing burdens on their budgets today. Congress never acted on Reagan's proposal, and his idea to fundamentally rethink the financial ties between states and the federal government went dormant. Perhaps until now.more
