Latest
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Debt trends for state and local governments 2020-2022
This tool provides debt and spending insights for the 100 largest municipalities, counties and school districts in America and all 50 states for fiscal years 2020, 2021 and 2022.
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City debt: New York has more than four times the liabilities of Chicago, Los Angeles, Houston and other cities
New York City, the District of Columbia, Chicago, Atlanta, Yonkers and Austin have the most per capita liabilities.
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County debt: Los Angeles, Miami-Dade and Cook counties among worst in nation
Los Angeles County had $54 billion in liabilities at the end of 2022. Miami-Dade County had $29 billion in total liabilities.
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State debt: California, Illinois, New York, New Jersey and Texas each have over $200 billion in total liabilities
On a per capita basis, Connecticut's $27,031 total liabilities per capita are worst in the nation, followed by New Jersey.
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Debt and liquidity in America’s 10 largest cities
During fiscal year 2022, nine of America’s 10 most populous cities generated enough revenue to finance their expenditures.
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Health care retirement debt surpasses state and local government pension debt
In 2022, state and local government other post-employment benefits (OPEB) liabilities reached $789 billion, surpassing $753 billion in unfunded pension liabilities.
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Pension Reform News: Michigan legislature pushes to undo pension reforms
Plus, a webinar on pension trends and data, Pennsylvania considers increasing COLA benefits, and more.
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Legalizing sports betting is the right call
Since the Supreme Court’s 2018 decision on sports betting, online sports gambling has been legalized in 30 states and Washington, DC.
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Legal analysis suggests Michigan House Bill 6060 violates state law
Actuarial analysis of proposed pension benefit changes of this magnitude is required by law in Michigan under MCL Section 38.1140h
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Funding Education Opportunity: Will Trump shutter the U.S. Department of Education?
Plus, North Dakota and South Carolina policymakers look to advance school choice proposals.
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The future of ‘Chenery II’
The implications of 'FDA v. Wages and White Lion Investments, L.L.C.' could be much larger than the future of the e-cigarette industry.
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Aviation Policy News: Open letter on air traffic control to DOGE’s Elon Musk and Vivek Ramaswamy
Plus: Boeing's little-noticed moon mission failure, senators attack airline "junk fees," and more.
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Study estimates that 30,000 people are arrested each year due to incorrect field drug tests
Presumptive field tests lead to thousands of wrongful arrests and convictions.
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Batch-tracking: The next wave of marijuana tracking systems
Maine recently implemented a first-of-its-kind system to track marijuana sales, setting a new standard for the industry.
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Michigan Senate Bills 165, 166, and 167 would increase public pension costs
Under a best-case scenario, the additional cost of this pension proposal would be just north of $800 million over the next 30 years.
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Michigan House Bill 6060 would negatively impact the teacher pension system
Michigan House Bill 6060 would add between $17 billion to $20 billion in new employer costs over the next few decades.
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Michigan House Bill 6061 would undo public pension progress
Proposed changes would re-expose Michigan to unnecessary unfunded liabilities, financial risks, and billions in hidden costs.
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Modernizing air traffic control infrastructure requires institutional modernization
Institutional problems are undermining efforts to modernize infrastructure needed to support continued air traffic volume growth in the National Airspace System.
