As a former state legislator, gubernatorial candidate, and official with the General Accountability Office, State Budget Solutions President Bob Williams is a national expert in fiscal and tax policies. Each week, The Williams Report compiles the latest news and headlines on state budgets, public pensions, and other important news about the budget stability of the states. Bob's exclusive commentary can be tweeted with the hashtag #SBSBob.
Bob's full biography can be found here.
Updates this week:
New Jersey: Last year's budget shortfall was even worse than Gov. Chris Christie anticipated "A state bond document filed on Sept. 10 showed that the budget shortfall for the last fiscal year was nearly $275 million higher than the $1.3 billion the administration had estimated at the end of June, according to the report."
It is past time for NJ legislators & @GovChristie to stop using budget gimmicks to "balance" budget http://is.gd/Vp7CcG #SBSBob
Virginia: Governor, lawmakers announce Va. budget cuts "Virginia Gov. Terry McAuliffe and Republican lawmakers are planning to fill a $882 million budget shortfall by tapping the state government's rainy day fund and making cuts to various agencies, universities, and local governments. The plan won't affect K-12 school spending and will not include any increase in fees or taxes, they said."
Washington: State Supreme Court holds legislature in contempt for not fully funding education
Irresponsible Supreme Ct in WA http://is.gd/HT6HX6 Court lacks power to enforce decision #SBSBob
WA Supreme Ct has no proof that increasing education spending = better education http://is.gd/HT6HX6 #SBSBob
Performance based budgeting for K-12 education urgently needed in WA after terrible Court decision http://is.gd/HT6HX6 #SBSBob
Updates this week:
National: Best Practices in Pension Reform
Millennials like government work, but don't stay long, survey finds
#SBSBob says: Government pension plans need to adjust to Millennial workforce and offer mobile pension options http://is.gd/tvTXyk