THE MAINE HERITAGE POLICY CENTER
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FOR IMMEDIATE RELEASEJune 30, 2014U.S. Court Of Appeals Rules Public Pension ReformsEnacted Under LePage ConstitutionalBOSTON – The U.S. Court of Appeals for the First Circuit ruled on Friday, June 27, that public pension reform enacted under Governor Paul R. LePage in 2011 does not violate ...
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Maine versus New Hampshire XI: The Battle of Unfunded Pension Liabilities
In my recent study, "The Cost of Doing Nothing: Maine's Pension Payments are Crowding Out Other Spending," (pdf) I noted that as Maine's pension payments grow the budget process will, more and more, be held hostage by factors outside of the state such as the performance of the stock market which aff ...
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Can Maine’s Pension Crisis be Solved?

Can Maine’s Pension Crisis be Solved?

In my previous blog, I highlighted a new study showing Maine's pension crisis is worse than reported.  In a follow-up study, Robert Novy-Marx and Joshua D. Rauh, examine various policy options that can be used to reduce the pension liability.While they discuss a number of options, there are really ...
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Maine’s Pension Crisis is Worse than Reported

Maine’s Pension Crisis is Worse than Reported

In my recent study on Maine's pension system, I discovered that two Chicago-based economists found that Maine's pension liabilities may be as high as $24 billion, or 50 percent of Gross Domestic Product.  This is the 8th highest pension liability in the country.A rash of media stories, such as this ...
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Maine’s Towering Debt

Maine’s Towering Debt

Read the full report | Maine is drowning in a sea of debt.Much has been made of the budget shortfalls that have plagued the state for years, but Maine people have heard very little about the state?s growing addiction to borrow-ing. Consider the following:? While voters have approved bonded debt in ...
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