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A federal bankruptcy decide dealt a significant blow to California's general public employee pension methods by ruling Wednesday that payments for future worker retirements could be reduced any time a metropolis declares bankruptcy -- similar to its other debts.

The justices heard arguments Wednesday in a scenario that can cause localities across the nation to get rid of hundreds of thousands in yearly tax profits.

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The president signed an government order Wednesday to offer retirement accounts to personnel who don’t have use of them. This system will probably be watched closely by states thinking about comparable remedies.

Specified a preference, Wilson would’ve long gone correct again into the sport following that, but the staff Medical doctors saved him from himself.

North Las Vegas may be the next metropolis to danger bankruptcy if its existing traits proceed, a new report warns.

A whole new examine delivers the best facts so far on simply how much the tax exemption on municipal bonds, that are often used to finance athletics stadiums, saves point out and local governments. August 21, 2015 The 7 days in Public Finance: Downgrades, the following Economic downturn and Lousy Vacations

Procurement is at the heart of almost anything a authorities does. But states vary widely On this link the subject of how nicely they manage the items they acquire.

He’s not the governor. He’s not a lawmaker. But because of the way he operates his condition’s pension programs, David Bronner will be the strongest gentleman in Alabama.

The restrictions that took result this year let governments choose what is really worth reporting, main many to not report just about anything in the least.

The IRS wants to thwart state attempts to steer clear of the new cap on condition and native tax deductions. It's unclear irrespective of whether that why not find out more could be lawful -- or efficient.

A whole new book explores if Placing community belongings less than professional management causes bigger federal government prosperity.

And also the report card just isn't great: Most states failed to harmony their budgets without the need of resorting to at least one-time fixes or underfunding pensions, amongst other violations.

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