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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, he compiles the latest news and headlines pertaining to state budgets, collective bargaining and state public pensions into The Williams Report.  Bob's full biography can be found here.

 

Featured Content

IDAHO:

Governor orders more transparency on fiscal funds. Idaho Reporter

 

CALIFORNIA:

Unfunded retiree health care costs increase to $64.6 billion - an increase of $730 million over the last year. L.A. Times

 

ILLINOIS:

House Speaker Madigan's broken pension promise. Illinois Policy Institute

 

 

 


State Budgets

Updates this week:

Rich States, Poor States. American Legislative Exchange Council

State reliance on federal spending growing at an alarming rate. Washington Examiner. April 15, 2014

Arizona: Governor signs $9.2 billion fiscal 2015 budget, but vetoes millions of dollars in items she deemed unnecessary. Arizona Republic

State General Fund is expected to have $202 million shortfall in FY 2016. Arizona Journal

Kentucky: Governor vetoes parts of Kentucky budget bill. Lawmakers will return on April 14 to consider overriding the Governor’s vetoes. Lexington Herald-Leader

Maine: $32 million budget fix sent to Governor. Associated Press

Massachusetts: House unveils $36.2 billion budget. Boston Globe

New Jersey: S&P turns thumb down on Governor Christie’s budgets, downgrades bond rating

Virginia: Senate passes budget with private health care option, but spending plan is not likely to go anywhere in the House. Richmond Times-Dispatch

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Pensions

Updates this week:

Alaska: House approves $3 billion transfer to pension system. Alaska Public Radio

California: CalPERS hikes rate $459 million and will push state payment to CalPERS to an estimated $4.3 billion for the next fiscal year (FY 2015) and $5 billion in FY 2016. Public CEO 

Illinois: New report: Taxpayers owe $56 billion. Fox Chicago

Oregon: Pulitzer Board vindicates Oregonian for pension reform push that Big Labor opposed. Washington Examiner

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