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Illinois’ five major state pension systems remain the most underfunded in the nation, carrying roughly $144.6 billion in unfunded liabilities and a combined funded ratio of just 47% as of the June 30, 2025, actuarial valuations.
Into this fragile fiscal environment comes the perennial push to overhaul Tier 2—the scaled-back defin...
The most contentious, passionate, and consequential debates around artificial intelligence (AI) are currently playing out before local zoning boards, town councils, and public electric utilities. The growing demand for computing power, both to create frontier AI models and to enable their widespread use, has transformed the storage and processing of data from activities with ...
In April, I read Public Works Financing’s article on the groundbreaking for the long-awaited State Route 400 Express Lanes project in the Atlanta metro area. It’s the largest surface transportation public-private partnership thus far, with the ...
Local governments across the United States collect substantial revenues through law enforcement fines and forfeitures. While monetary penalties serve legitimate purposes in the criminal justice system, their use becomes exploitative when governments rely on law enforcement and courts as essential revenue sources, creating conflicts of interest that undermine public safety and...
Eleven cities collected more revenue from fines than from taxes and other general revenue sources, and seven of the 10 most reliant cities are in Louisiana.
Local governments across the country have come to depend on fines and forfeitures to fund their operations, according to a new Reason Foundation