Report: Unfunded Cost of Retirement Benefits Reaches $1.14 Trillion

New Jersey Capitol

New Jersey, California, New York, Texas and Illinois face a hundred billion plus deficit when it comes to paying for the benefits other than pensions promised to state retirees.

The State of New Jersey’s unfunded liability for post-retirement benefits other than pensions in state health care plans reached $174.9 billion in 2022. That was the highest in the country, according to a report by the American Legislative Exchange Council. The report stated the nationwide costs of state-sponsored post-retirement benefits reached $1.14 trillion in 2022.

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Blue State Residents Are Paying Much More for Energy than Red States, New Report Shows

Residents of blue states with aggressive climate policies are paying significantly more for electricity and fuel than red states, according to a new report by the American Legislative Exchange Council (ALEC).

California, Massachusetts, Rhode Island, Connecticut, Vermont, New York and New Jersey are seven of the top eight continental states in terms of highest average retail electricity prices in 2023, according to ALEC’s report. Each of these states have some sort of green energy mandate, which the ALEC report refers to as a Renewable Portfolio Standard (RPS), or participates in a greenhouse gas cap-and-trade program, or both.

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Poll Shows Widespread Support for Education Tax Credits in Georgia

Students in class

An education choice advocacy group says personal education tax credits are popular with parents nationwide, and Georgia lawmakers could soon move on education reform.

With education tax credits, an alternative to Education Savings Accounts, parents or guardians receive a credit when they choose a non-public school for their dependent’s education. According to the group yes. every kid., states can use existing tax mechanisms for these policies, and parents or guardians receive a tax refund by indicating on a tax form or an application their dependent isn’t enrolled in public school.

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50-State Report: GOP-Led States Are in Best Economic Condition

A new report ranks all 50 states from best to worst for economic conditions, showing which states have improved, and worsened, in creating an economic climate where businesses want to invest.

The American Legislative Exchange Council released the state analysis, which ranks Utah as the number one state, North Carolina as second, and Arizona as third. Idaho and Oklahoma fill out the top five spots, ranking fourth and fifth, respectively.

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Unfunded State Pension Liabilities Grow to $8.28 Trillion

Unfunded state pension liabilities have climbed to $8.28 trillion, or nearly $25,000 for every person in the United States, according to a new report from the American Legislative Exchange Council.

The American Legislative Exchange Council released the latest edition of its report on pensions in all 50 states Thursday. The report, “Unaccountable and Unaffordable 2021,” shows just a handful of states with outsize pension liabilities account for a large share of overall pension debt in the U.S. 

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Despite COVID-19, New Report Credits Georgia Policies for Improved Economic Outlook Ranking

Cutting taxes, paying down debt and maintaining free market policies this past year helped Georgia and other states improve their rankings for economic competitiveness, especially during the COVID-19 pandemic. An Arlington, Virginia-based organization this week released a report that praised Georgia, among other states, for its economic policies. Members of that group, The American Legislative Exchange Council (ALEC) published the report, which they titled Rich States, Poor States. This is the report’s 14th edition.

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