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Proposed PERA Reform an Important Step Toward Pension Solvency in New Mexico
New bill would address the Public Employees Retirement Association's systemic issues by improving funding policy and adopting a more sustainable benefit adjustment mechanism.
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New York City’s Unfunded OPEB Liability Surpasses $100 Billion
The city’s unfunded other post-employment benefits liability exceeds that of any other local government in the country, as well as that of most states.
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LAO Report: California’s Taxes and Rules Mean Legal Marijuana Can’t Compete With Black Market Prices
"Even if the state eliminated its cannabis taxes entirely, other costs— such as regulatory compliance costs and local taxes—likely would keep legal cannabis prices higher than illicit market prices.”
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Michigan Tries to Force Marijuana Businesses to Reach Labor Peace Agreements
There is a long series of legal precedents demonstrating that Gov. Whitmer’s proposed rule is unconstitutional.
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The Trump Administration’s Ban of Flavored Vaping Cartridges Is Bad for Public Health
While Trump's policy isn't the worst possible outcome it's still a terrible blow for public health.
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How Puerto Rico’s Debt Problems Could Have a Major Impact on Local Governments Across the US
A congressional proposal aimed at easing Puerto Rico's problems could create widespread issues for bond markets and municipal governments.
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Reforming the Postal Service’s Pension and Retiree Health Care Benefit Systems
In absolute numbers, USPS faces $50 billion in unfunded pension liabilities plus $70 billion in unfunded liabilities for retiree health care.
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Rethinking Student Loans and Financial Aid Could Reduce the Cost of College and Student Debt
It’s hard to find another sector in which the market for loans is so unresponsive to return on investment than it is with student loans in higher education.
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Financially-Distressed Local Governments Can Learn From Top Performing Cities and Counties
Best practices include funding infrastructure through the budget rather than borrowing via bonds and writing and abiding by strong financial reserve and rainy-day policies.