States and localities both save for unseen emergencies and hard times. But when it comes to using the funds, their approach couldn't be more different.
When there’s public outcry over something -- whether it’s gun control or apartheid -- states and cities reevaluate what their pension plans invest in. But should they be social investing at all?
For most states, the new government accountability rules eliminate the main substantive barrier to moving toward less costly defined-contribution plans.
We’re trying to use financial risk-management tools to solve political problems. That’s putting the people who manage public money in a tenuous position.
Nationally, six straight years of revenue declines have put enormous pressure on state and local governments, nevertheless, some are thriving. Standard & Poor's, the credit-rating agency, reports that it issued more bond upgrades than downgrades in 2012.
The Medicaid expansion and the Affordable Care Act are in full swing. With the influx of people who will be applying for benefits and the ACA requirement for online enrollment, it is more important than ever to verify the identities of those accessing benefits up front.
Get Governing News