state government

A new assessment of state pension obligations suggests the problem is even worse than it already appears. How much worse? EMPTY COOKIE JAR: Pension liabilities are worse than many states’ official figures indicate. Using a more conservative method of accounting for financial gains in the marketplace, there is a $4.1 trillion gap between assets and …

People will be paying more and getting less from their governments as health costs and pension obligations will force state and local governments to adjust their budgets over the next 50 years, according to a new report. The new report from the Government Accountability Office, a nonpartisan congressional agency that audits federal programs, paints a …