State News Roundup
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Here’s a look at some of this week’s most interesting, and consequential, budget- and economy-related issues in the 50 states:
The Cleveland Plain Dealer examined a new survey by PNC Financial Services Group that showed Ohio business owners are pessimistic that they will see increased hiring, sales, and profits over the next six months.
The Denver Post reported that economists from the National Association for Business Economics, meeting in Denver, revised down their U.S. economic growth forecast by 20 percent and predicted that unemployment would remain high.
A new study covered by the Philadelphia Daily News reveals that Philadelphia’s pension fund only has enough assets on hand to cover promised benefits through 2015. A professor involved in the study warned, “This whole situation does threaten the ability of not just Philadelphia, but the other cities in the study, to provide services at current levels.”
The Richmond Times Dispatch revealed that Virginia’s Medicaid program made $39 million worth of improper payments in fiscal 2009. The findings in a report from the Joint Legislative Audit and review Commission showed the payments came from fraud and errors in claims. However, the report also shows that $48 million worth of improper payments were blocked before disbursement.