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News from the State Capitol

• Distressed cities balking on bills, contracts
  U.S. cities facing rising debt, pension payments and budget holes, are taking extraordinary measures to maintain solvency, including selling assets, defaulting on payments and re-negotiating union contracts. By Jonathan Miltimore   Facing declining revenues and mounting red ink, cities around the country are taking unusual steps to maintain solvency, includi […]
• NY comptroller candidate slams pension funding
  Wilson pushes pension under funding as "largest financial problem;" DiNapoli says pension fully funded despite decline. The same day the New York state comptroller announced sharp declines in the state’s pension assets, his opponent charged the system could be under funded by as much as $80 billion. Harry Wilson, candidate for state comptroller, re […]

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