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. Here are a few highlights from February: Where is the money for NJ's state pension fund? New Jersey Watchdog
Bob Williams, president of State Budget Solutions, sees it differently. “The governor has taken small steps forward, including increased employee contribution rates and COLA adjustments, but he is taking two large steps back with this latest short changing of the pension fund.” READ MORE Deval Patrick’s failures forgiven by Dems Boston Herald
That’s how you end up with a state that has the fourth highest debt per capita in the country — not including our unfunded public pensions and retiree health benefits.
According to State Budget Solutions, our state debt level when measured without loopholes or paperwork dodges is a mind-blowing $129 billion. READ MORE
Lessons learned from the mess in Motown The Detroit News
Detroit must address how to treat already-earned pension benefits in the bankruptcy process. In addition, the Motor City must also contend with the implications of its earlier attempts to reduce unfunded liabilities by using shortsighted gimmicks. Other cities can look to how Detroit got itself into bankruptcy and learn what not to do. READ MORE