State budgets and disaster recovery...
By Steve Malanga on November 12, 2012 2:26 PM
| No Comments
| No TrackBacks
Today I discussed on Fox Business the stress that states like NJ and NY are facing from a combination of a continuing fiscal squeeze thanks to the sluggish economy and the need to rebuild after Hurricane Sandy. The discussion was based on a column I wrote last week where I noted that states and cities have increasingly spent money in inessential but politically popular infrastructure projects while neglecting the kind of spending that would better protect communities from such events. And of course state and municipal budgets are increasingly weighed down by the promises politicians made to state workers which they never bothered to fund, producing long-term debt that will make new investments in important protective infrastructure even more difficult to fund in coming years.
Categories:
- Accounting
Tags:
- economic growth,
- federal workers,
- Fox Business,
- New Jersey,
- New York
No TrackBacks
TrackBack URL: www.publicsectorinc.com/cgi-bin/mt/mt-tb.cgi/1135
Related Entries:
- Another year, another dubious federal pay comparison
- NJ cost sharing, part 2
- NJ tells towns, school districts to start sharing costs
- Falling down a fiscal hole
- Fiscal ties that bind cities
- Pensions and the Pentagon
- How many other states are insolvent?
- High taxes and unions: coincidence or cause?
- So little real pension reform...
- New York nonprofit corruption
- Gov. Christie gives Californians a little 'hope'
- Judge blocks employee benefit cuts in NY county
- Of Suffolk County and A-Rod
- The GAO tackles federal employee compensation
Search
- Subscribe to this blog's feed
- California
- pensions
- unions
- Jerry Brown
- Wisconsin
- pension reform
- budget
- Illinois
- collective bargaining
- New Jersey
- New York
- teachers unions
- CalPERS
- taxes
- bankruptcy
- city governments
- Scott Walker
- California Teachers Association
- pension
- Pensions
- Andrew Biggs
- Andrew Marcum
- Ben Boychuk
- Ben DeGrow
- Brett Healy
- Collin Hitt
- Christian Schneider
- Daniel DiSalvo
- E.J. McMahon
- Eileen Norcross
- Greg R. Lawson
- Josh Barro
- James Hohman
- Jason Richwine
- Kasia Zabawa
- Michael Allegretti
- Marcus Winters
- Nicole Gelinas
- Paul Kersey
- Paul Tyahla
- Rick Dreyfuss
- Raymond Niemiec
- Steve Eide
- Steven Greenhut
- Steve Malanga
- Tim Hoefer
- Terry Moe
- Troy Senik
- F. Vincent Vernuccio
- Zachary Janowski
Join the conversation