State-Local Fiscal News

Fri, May 22, 2026:

• Nation’s largest public pension fund plagued by secrecy and underperformance, probe finds. The independent report was commissioned by a nonprofit group that includes retirees who were concerned about the $630 billion California Public Employees’ Retirement System. - NBC

Wed, April 22, 2026:

• Mamdani’s affordability agenda hits a fiscal wall. Spending on city-funded rental vouchers is growing at an exponential rate. - Politico

Tues, March 24, 2026:

• Strength of State Rainy Day Funds Declines as Budgets Tighten - Pew

Tues, Feb 24, 2026:

• Federal cuts hit state budgets hard as support for Medicaid, food stamps shrinks - Cronkite News

Fri, Feb 6, 2026:

• Illinois Sees ‘Unprecedented’ Budget Pressure From Trump Cuts - Bloomberg

Wed, Jan 28, 2026:

• In some states, a push to end all property taxes for homeowners - AP

Mon, Dec 22, 2025:

• Minnesota Paid Dearly for Saving $1 Million. Abolishing the state treasurer set the stage for the fraud scandal. – WSJ

Mon, Dec 15, 2025:

• Chicago has lost its mind. The city’s fiscal situation is dire, and Mayor Brandon Johnson is determined to make things worse. – WP Editorial Bd.

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