As reported by the N&O today, the State Treasurer's office this week released updated figures for the state retiree pension fund and health insurance benefits. The outlook is ... Keep Reading
unfunded liability
Senate Budget Plan Includes Retiree Insurance, Pension Reform
As highlighted in this Asheville Citizen-Times article, the NC Senate budget proposal includes measures to address two issues very critical to the long-term fiscal health of the ... Keep Reading
State Treasurer Cowell: “Obviously, that means more burden on taxpayers”
A couple of months ago, I blogged here about how North Carolina's pension fund is likely in much worse shape than even the current $2.8 billion unfunded liability represents. The ... Keep Reading
Real Federal Deficit Nearly Equal to Median Household Income
USA Today has this jarring analysis of the federal deficit: The typical American household would have paid nearly all of its income in taxes last year to balance the budget if the ... Keep Reading
State’s Credit Card Still Maxed Out
The State Treasurer's Office just released its 2012 Debt Affordability Study analyzing the current state debt situation. Some of the major findings contained in the study: The ... Keep Reading
State Retiree Liabilities Growing at Alarming Pace
Earlier this week, the House Select Committee on Legacy Costs from the State Health Plan, Pensions and ESC met to review the fiscal condition of - among other things - the state's ... Keep Reading
Don’t Overlook State Retiree Benefits Massive Liability
A recent Fayetteville Observer story provides an informative update on North Carolina's massive unfunded liability for state retiree health benefits. For those not familiar ... Keep Reading
NC’s Financial Woes Reach Far Beyond This Year’s Budget
As North Carolina's General Assembly sets to return to Raleigh tomorrow, crafting the state budget will be the primary task lawmakers will face. With that in mind, check out my ... Keep Reading
Public Option down… Medicare expansion under close scrutiny.
With the death of the debate over the public option Senate leadership has turned its sights to a hefty expansion of government programs already in existence - namely, Medicare and ... Keep Reading
