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State Debt

Spending Cuts and Tax Reform: Not 'Heads' or 'Tails'

Bob Williams | Posted 06.01.2016 | Politics
Bob Williams

State fiscal reform is not a matter of choosing "heads" or "tails." The tax-cutting, starve-the-beast approach alone cannot sufficiently control the growth of government, either on the state or federal level.

How Wall Street's Toxic Tobacco Deals Saddled States With Billions In Debt

ProPublica | Cezary Podkul | Posted 08.08.2014 | Business

This story was co-published with Marketplace.In November 1998, attorneys general from across the country sealed a historic deal with the tobacco indus...

Do You Want to Bail Out Your State?

Bob Williams | Posted 03.23.2014 | Politics
Bob Williams

If a friend asks for $16,000 so that they can pay off a debt, how do you react? Chances are you think that is a lot of money, and you question how they got into that kind of debt in the first place. Now think about what happens if your state lawmakers ask you for $16,178 to get out of debt.

How Much Chicago Food Can Chicago Corruption Buy?

Reboot Illinois | Posted 11.17.2013 | Chicago
Reboot Illinois

What will $500 million buy you, in terms of orders of some great Chicago foods?

How Much Money Does Illinois Have? We Don't Know!

Anthony Knierim | Posted 08.26.2013 | Chicago
Anthony Knierim

How much of our money does Illinois have? Is it spending too much? We still don't know, yet. Here we are, nearly a year after Illinois' last fiscal ...

Americans Babies Born Into More Than $13,000 Of Debt

The Huffington Post | Catherine New | Posted 10.02.2012 | Money

To every proud new parent, your bundle of joy already owes more than $13,000. Babies born today arrive in the red when it comes to state debt, a new r...

10 States With Enormous Debt Problems

Reuters | Posted 10.28.2012 | Business

Aug 28 (Reuters) - America's 50 state governments owe $4.19 trillion, including outstanding bonds, unfunded pension commitments and budget gaps, acc...

Illinois CEO Warns He May Leave State In Response To Corporate Tax Hikes

The Huffington Post | Lila Shapiro | Posted 05.28.2011 | Business

Across the midwest, public workers have protested proposed cuts to benefits, pay, and collective bargaining rights. But in Illinois, one chief executi...

States Begin To Cut Aid For Cities As Budget Woes Mount | MICHAEL COOPER | Posted 05.25.2011 | Business

The cuts are widespread. Ohio plans to slash aid to Columbus, Cleveland, Cincinnati and other cities and local governments by more than a half-billion...

States May Switch Pension Funds To 401Ks | Steven Greenhouse | Posted 05.25.2011 | Business

Lawmakers and governors in many states, faced with huge shortfalls in employee pension funds, are turning to a strategy that a lot of private companie...

SEC Probing Mutual Funds Over Muni Bonds

Posted 05.25.2011 | Business

U.S. securities regulators are probing whether some mutual funds have overstated the value of thinly traded risky municipal bonds at a time when inves...

New Lawmakers Get to Work on Anti-Immigrant Agenda

Afton Branche | Posted 05.25.2011 | Politics
Afton Branche

Jumping on the anti-immigrant bandwagon may appeal to some voters, but it doesn't come cheap. Anti-immigrant ordinances cost cities and towns millions in legal fees and lost revenues.

SEC Launches Probe Into Illinois' Underfunded Pension Plan

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business

On Monday night, the Illinois state governor's office confirmed that the Securities and Exchange Commission has launched an investigation into public ...

Struggling States Being 'Punished' By Credit Markets

Bloomberg | Darrell Preston | Posted 05.25.2011 | Business

The cost of credit-default swap insurance on the lowest- rated state after California has risen 16 percent to $330,000 to protect $10 million of debt,...

The Best & Worst Run States: 24/7 Wall Street

24/7 Wall St. | Posted 05.25.2011 | Business

How well run are America's fifty states? 24/7 Wall St. has taken several months to consider that question. Our writers looked at hundreds of data sets...