Adjusted for inflation, state and local government revenues have more than doubled since the 1970s. But state and local politicians haven’t collected nearly enough taxes to pay for the retirement promises they’ve made to their friends in government employees unions.
It’s September – time to pay property taxes! Most property owners will see a significant increase in taxes due this fall. Assessments were way up (8.2 percent for residential property in urban Polk County, for example), and most jurisdictions are
A Lesson on Teacher Pensions
As teachers across the country retire, their pensions are being subsidized by newly hired teachers to a surprising degree. Teachers’ pension plans have always rewarded long-serving veterans at the expense of short-termers. But now, as more and more plans develop