Fiscal Stress Revisited
In Issue 11, Reports presented its semiannual “Continuum of State Fiscal Stress.” A few states had concerns about how they fared on the measure, and submitted letters explaining these concerns. Those letters appear here.
Moody’s on Pensions
Moody’s Investors Service recently changed the way it evaluates state pension liabilities, making adjustments to the liabilities themselves and then comparing them to a state’s ability to meet the obligations, rather than comparing them to assets.