Includes “Many state governments struggle to close budget gaps resulting from benefit programs that have been promised to public employees but not fully paid for. … ‘Budget makers are approaching the point of no return when their state requires thousands or tens of thousands of dollars from each taxpayer in order to pay off all their bills,’ said Sheila Weinberg … ‘These debts have a tangible effect on residents, ranging from a diminished quality of life, to lower real estate values, and increased out-migration.’ …”
Read the full article on: Colorado Springs Business Journal