Understanding Public Pension Debt

By Robert Sarvis, Competitive Enterprise Institute

STATE GOVERNMENT PENSION DEBT burdens labor markets and worsens the business climate. To get a clear picture of the extent of this effect around the nation, this paper amalgamates several estimates of states’ pension debts and ranks them from best to worst.

Interests of taxpayers, teachers union clash

By Scott Armstrong, The Morning Call

At their May 22 meeting, the directors of the Allentown School Board found themselves facing another painful decision: If the district was to meet its legal requirement to produce a balanced budget for the upcoming school year, another round of staff reductions and tax increases would be necessary. Annually rising obligatory expenses require these tough choices.