A public pension used to be an ironclad promise. That is no longer the case. Many cities and states can no longer afford the unsustainable retirement promises made to millions of public workers over many years. By one estimate they are short $5
In Iowa, state law (Chapter 20) provides that public salaries, health insurance benefits and various work rules be set through collective bargaining agreements negotiated between employers and employee representatives (unions), where they exist. Most of the cities in central Iowa
There was big news this month out of Wisconsin and California about the status of public sector unions — and the outcomes should prompt Iowans to take a look at the situation in our own state and local governments. In
As hopeful signs begin to emerge in the economy, Iowa’s local governments are just now experiencing the brunt of the recession. Lower growth and declines in local property valuation, the chief source of local government revenue, are stressing local budgets.