City Pensions
Pennsylvania Struggles to Help Its Weakest Cities
The city of Reading, with a massive poverty problem, is one of the communities signed up for state relief. (Michael Williamson/The Washington Post via Getty Images) Brian Jensen, an economic development specialist, calls it “the measles map.” The drawing shows an outline of Pennsylvania with 27 red splotches marking financially distressed cities in every corner […]
San Francisco Voters Approve Pension Cutbacks
San Francisco voters on Tuesday overwhelmingly approved a labor-supported plan to scale back retirement benefits for current and future city workers, a year after rejecting a pension-cutting proposal that public employee unions had opposed. The election outcome in San Francisco presented a new twist in the ongoing effort by state and local governments to roll […]