Pension Burdens Put New Mexico Cities At Risk of Credit Downgrade
Bad planning
Orange County's been waiting five years
There's nothing to learn from the failure of cities with high tax rates and oppressive bureaucracies! Don't be silly!
A never-ending nightmare there
If successful the former governor would manage $140 billion in pension funds
Needs more votes, say the justices
Apparently contributing to your own retirement is like taking a pay cut
Looking for fraud, corruption
That ought to go down well
Claims they don't have records and refuse to answer questions
New Orleans mayor wants more
They say it's over staffing, but management says it's over pension contributions
F--k you, cut spending?
Residents may want to brace themselves for big tax hikes
Claims city's pension funds lost millions because of company's behavior
Trying to manage rising health care costs, stop pension spiking
Would cost municipalities billions but would pay down currently unfunded obligations
The state has $100 billion in unfunded pension liabilities
Government employees protest the move, of course
Don't want taxpayers noticing just how much money is at stake
Odds are that similarly situated cities will go to the Obama administration and ask for free cash.
The good times are here, y'all!
Double-dipping with a vengeance
Not to improve education as voters were promised
The Stockton example could encourage cities to view bankruptcy as something other than a last resort.
Apparently, they'd rather have no benefits than reduced benefits
Very, very modest reforms, but reforms nevertheless
A legislative push may create a 401(k)-style program instead
Could be out of money by 2044 without reform