Reuters/Tim Shaffer - Pedestrians walk past a rally protesting state pension changes at the State House annex on the State Capitol complex in Trenton, New Jersey, June 20, 2011.
Opinion
Are Pensions Busting Local Government Budgets?
March 13, 2012, Tracy Gordon
Tracy Gordon discusses the connection between public employee pensions and local governments' fiscal troubles. Gordon, noting the diversity found in local governments, cautions against sweeping summaries, but predicts that pensions will cause budgetary pressures for many municipalities in the future.