MuniNet Guide articles and features
Illinois Pension Reform Legislation Is Legally Justifiable and in the Best Interest of All
On November 21, 2014, the Circuit Court for the Seventh Judicial Circuit in Sangamon County, Illinois presiding over the consolidated Illinois State Pension Reform Litigation ruled that the pension reform legislation passed by the State Legislature and approved by the Governor was unconstitutional. Many states and cities are addressing pension underfunding in a manner they believe will be successful. Continue
Casino and Political Gaming in Connecticut
As casino gaming goes in the State of Connecticut, so go the State's finances ... The conundrum facing the industry and the hosting states is a well-publicized decline in preference for gaming as a leisure activity. The irrational response by both the industry and the states is an increase in licensing new casinos in an attempt to augment revenues for both the operators and the states, despite the predicted cannibalization. Continue
Financially Distressed and Bankrupt Cities: Should Unfunded Pension Obligations Impair Funding of Essential Services?
The financial health of some municipalities across the nation that are in financial distress is being threatened by unfunded public employee pension obligations that are not affordable and sustainable. When the cost of meeting public pension obligations crowds out the government’s ability to deliver essential public services such as police, fire and water, priorities need to be established and creative solutions are required. Continue
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