The bonds were purchased at an earlier time, before the state's budgetary problems really began to worsen. (usfunds.com)
No matter the problem, changing demographics, transient budgetary problems, you name it, the solution is always less pension and a bigger role for financial products. (politics.stackexchange.com)
The fiscal stress designation was first created in 2013 as a way of offering an early warning to local governments facing budgetary problems. (nystateofpolitics.com)