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American Recovery & Reinvestment
More American Recovery And Reinvestment Act Articles

Illinois Pension Reform Legislation Is Legally Justifiable and in the Best Interest of All

Illinois pension
pension reform in Illinois
public pension Illinois

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

gaming
casino

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

The Great Puerto Rico Debt Machine Gears Up, Again

The French have a saying: “The more things change, the more they stay the same.” That seems quite applicable to Puerto Rico’s current fiscal situation. We are now more than two years into a full-blown debt crisis ... And yet, so far, the formula has remained the same: “more taxes and more debt.” After all the market commotion of the past two years, the fact remains that PR’s crippling debt burden has continued to increase ... while the island’s economy continues to contract.… Continue

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