Coates to Speak Tonight

[Chris Santee]

Coates to Speak
As of June 30, 2011, the state of Vermont owed an astonishing $3.0 billion in unfunded pension and retiree health benefits for state employees and teachers. This figure was approximately six times the state’s outstanding general fund, transportation fund and special fund general obligation bond debt on the same date.
How Vermont got into this enormous problem, and how it can work its way out, is the subject of a Sheraton Economic Series talk by David Coates, on Tuesday, June 19, 2012, at 7:00 pm in the University Amphitheatre at the Sheraton Burlington Conference Center. The public is invited.

[trussell]

Wow! That's not good at all...

 I was just reading (in a Dec 2011 Time magazine I think) about the state of Rhode Island having the same problem.  I didn't get to finish the article but it was interesting how they took bold moves and were able to cut it in half.

[trussell]

Oh! I found it! http://www.time.com/time/magazine/article/0,9171,2100110,00.html