State Budget Solutions In the News
State Budget Solutions is a known expert in fiscal responsibility and pension reform. Every month, countless media outlets and financial professionals cite the work of SBS's expert analysis and publish the opinions of SBS leaders.
Detroit not alone under crushing pension obligations
USA Today - July 21, 2013
Bankruptcy might turn out to be one — though it might be a painful one to retirees — depending on the Detroit experience, said Cory Eucalitto, editor at State Budget Solutions, a nonpartisan, nonprofit group that researches budgeting. As Detroit knows, you can't always raise taxes and you can't always cut services. And bankruptcy may loom as the only choice left.
"A lot of it's going to have to do with the outcome of it, which will take some time," Eucalitto said. "But upfront, it's going to show people bankruptcy is an option. ... That's going to be a big change." Read More
How Did Rich Connecticut Morph Into One Of America's Worst Performing Economies?
Forbes - August 1, 2013
State Budget Solutions, a think tank monitoring state finances, reported that among the 50 states Connecticut has run up the fourth largest pile of debts per capita — $27,540. This includes unfunded liabilities for government employee pension funds. The total is almost double the per capita debts of financially-strapped California. Higher debts imply higher taxes in the future. Read More