State Debt Burdens Are Improving, But It’s A Mixed Bag For Pensions

Most signs are point to economic recovery, and now Moody’s is forecasting that state debt burdens are set to decline this year, which is another good sign that things are moving in the right direction. However, there’s still one major expense some state and city governments are struggling to pay. While the improvements in state debt burdens are a positive for government pension, the overall pension situation is straining budgets across the country. State debt burdens on the decline: Moody’s Moody’s Investors Service said in a note recently that data for this year indicates that total net tax-supported debt will…