Two new reports by the Pew Charitable Trusts suggest that state governments across the country are shortchanging their employee pension funds and aren’t adding enough money in emergency funding accounts to prepare for the next economic crisis or recession.
While states have recouped much of the fiscal and economic ground they lost during the Great Recession, not all have them have rebounded, according to the non-partisan research organization. What’s more, there is considerable uncertainty over how President Trump’s agenda for federal tax reform, trade and health care will impact the states.
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