With TABOR Curbs Diluted, Eyes Turn to Roads, Pension

Albanese, Elizabeth
March 2006
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p31
Trade Publication
The article provides an overview of the fiscal condition of Colorado. The Colorado General Assembly is developing several plans to address the unfunded liability worth $11.3 billion for the state's public employee retirement system. The budget constraints was caused by the 1993 Taxpayer Bill of Rights which allow the legislature to increase annual spending by a set amount. In November 2005, Colorado voters have approved a referendum which allows the state to maintain revenue collections in excess of the budget.


Related Articles

  • Legislators Allocate OPEB Payments, One Year at a Time. Scarchilli, Michael // Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p16 

    The article provides an overview of the fiscal condition of New Hampshire. The state's payments to cover other post-employment benefits (OPEB) for retired employees are allocated by lawmakers as part of their annual appropriations decisions. The estimated OPEB liability of the state is $1...

  • Current School Funding Woes Trump Future Pension Worries. Albanese, Elizabeth // Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p30 

    The article provides an overview of the fiscal condition of Arkansas. The Arkansas General Assembly has developed a budget for fiscal 2006 and 2007. The Arkansas Public Employee Retirement System has an unfunded liability totaling 18 percent of its assets. It registered an increase in the value...

  • New Rules for Retirement Age And a Call for a Heath Care Trust. Scarchilli, Michael // Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p26 

    The article provides an overview of the fiscal condition of the Rhode Island. The state has an estimated $630 million of unfunded other postemployment benefits (OPEB) liability. To address this issue, Governor Donald L. Carcieri has recommended the establishment of a retiree health care trust...

  • California's Budget: A Tough but Necessary Choice. Salas, Mary // La Prensa San Diego;2/27/2009, Vol. 33 Issue 9, p6 

    The article reports on the advantages of the budget package to the economy of California. The author states that the budget will result to $14.8 billion in spending cuts, $12.5 billion in new revenues and $5.4 billion in borrowing from future state lottery proceeds. In addition, the budget will...

  • New Mexico Sees $913M Revenue Boost in FY '08 for Capital Projects. Watts, Jim // Bond Buyer;10/25/2006, Vol. 358 Issue 32494, p3 

    The article reports on the highlights of the briefing on the estimated $5.69 billion in revenues in fiscal 2008 by officials from New Mexico's Department of Finance and Administration and the Legislature. According to officials, the state's tax revenues are sufficient to provide some $913...

  • States' Responses to the Budget Shortfalls of 2001-2004. Kalambokidis, Laura; Reschovsky, Andrew // Challenge (05775132);Jan/Feb2005, Vol. 48 Issue 1, p76 

    A mild recession took a far harder toll on state budgets than had been expected. States have even cut back, by some measures, on spending for primary and secondary education. The authors think budgetary restrictions are likely to continue as sources of tax revenues become more constrained.

  • Tightening our budget, but still helping the needy! Barron, Inez // New York Amsterdam News;11/12/2009, Vol. 100 Issue 46, p13 

    In this article the author highlights the effort of Governor David Paterson to address the problems in declining public finances in New York. The author argues that the state's financial problem was the result of unregulated, unchecked over-investment by Wall Street in speculative ventures,...

  • Cigarette-tax hike proposed to shore up budget. Landrigan, Kevin // New Hampshire Business Review;5/9/2008, Vol. 30 Issue 10, p12 

    The article reports on the plan of a cigarette-tax increase to make up the shortage in New Hampshire revenue by Gov. John Lynch. He denied raising the sin taxes again for political reason. House Deputy Republican Leader David Hess said that the tax raise disappointed him, suggesting to rather...

  • Energy Tax Boost Enables Biggest capital Yet. Watts, Jim // Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p33 

    The article provides an overview of the fiscal condition of New Mexico. The increase in the state's revenues from taxes on oil and gas production, has allowed legislators to adopt a $5.1 billion budget for fiscal 2007. The legislators have also approved a capital outlay budget of $762.5 million...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics