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Results found for "state unfunded liabilities"


The state panel that determines how much money North Carolina can prudently borrow over the next 10 years rejected an appeal Wednesday by Gov. Roy Cooper's budget director to triple the state's debt ceiling from $2.03 billion to more than $6 billion.
The state panel that determines how much money North Carolina can prudently borrow over the next 10 years rejected an appeal Wednesday by Gov. Roy Cooper's budget director to triple the state's debt ceiling from $2.03 billion to more than $6 billion.
 
North Carolina is among a number of state governments plagued by massive unfunded liabilities for state retirees' health insurance benefits, and, like many of its counterparts, it is placing greater responsibility for costs on members in a movement known as medical consumerism.
North Carolina is among a number of state governments plagued by massive unfunded liabilities for state retirees' health insurance benefits, and, like many of its counterparts, it is placing greater responsibility for costs on members in a movement known as medical consumerism.
 
When you promise to pay someone in the future, you have a debt with him. However, were you to use cash accounting, as North Carolina's government does, you would not record it as such, because no cash changed hands.
When you promise to pay someone in the future, you have a debt with him. However, were you to use cash accounting, as North Carolina's government does, you would not record it as such, because no cash changed hands.
 
Headlines across the nation have been sounding the alarm about state government pensions. Even very conservative estimates place the total amount of unfunded state pension liabilities to be approaching a trillion dollars nationally.
Headlines across the nation have been sounding the alarm about state government pensions. Even very conservative estimates place the total amount of unfunded state pension liabilities to be approaching a trillion dollars nationally.
 

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