Sentences with phrase «local pension obligations»
It can pay state and local pension obligations in the same way it has paid Wall Street's 1 %.
http://michael-hudson.com/ Not exact matches
In an era when the pension liabilities of local governments remain a concern, investors may want to consider the debt offered by established public enterprises — airports and utilities, for example — as an attractive alternative to lease revenue and pension obligation bonds.
The fraud issue lies as far outside the scope of the financial committee meetings as does the question of how the economy should cope with its unpayably high mortgage, state and local debts in the face of its inadequately funded pension obligations.
Pro-taxpayer because local governments can't afford their current pension obligations, and they are still increasing.
The sixteen local government councils in Kwara State require N2.1 billion monthly to meet their salary and pension obligations.
Without this constitutional protection, state and local pension funds could be raided like a piggybank to pay for other obligations.
Calling it an «oppressive unfunded mandate» that would impose $ 57 million in «near term obligations» on local governments across New York State, Governor Cuomo has vetoed a bill that would have allowed public employees to claim up to three years worth of pension service credit for time spent in military duty.
Soaring pension obligations resulting from contracts won by politically influential public employees» unions have become a financial liability for state and many local governments.
In some places where states do currently pay the pension costs, like in Illinois, legislators are even trying to unload their pension obligations right back onto the backs of local districts.
And no one confronted Malloy in order to force him to explain to state and local public employees how he intends to govern and meet our state's obligations, including public employee salaries, healthcare and pensions when he has promised that he will not propose or accept any tax increase during his second term as governor.