Student debt has been increasing for decades, largely driven … to the issue. Student loan debt has soared from around $260 … So has the typical amount of debt per student, which is $20,000 … increasing amount of consumer debt — up to 11% of the average … Michigan, “Six of Michigan's 15 public universities are showing double-digit …
… Bill 86, Authorize more local pension debt: Passed 38 to 0 in the Senate To extend … local governments to incur long term debt to cover unfunded pension liabilities, … employees. The 2012 law also allows new debt to pay for retiree health insurance, … created by the Mackinac Center for Public Policy, providing concise, non-partisan, …
… avoid catastrophic levels of debt for more than two decades. … doesn’t need to pay down all its debts. It just needs to ensure that debts don’t grow faster the government’s … “Right now, the entire public debt held by the public is $26 trillion to $27 trillion. …
… wringing about the federal debt limit. Staggering indebtedness … policy question, not how much debt should we have or how high … policies including those of public schools. And the Mackinac … the same way that the federal debt isn’t just a big number, it’s … of the Mackinac Center for Public Policy, a research and educational …
… and local governments and public sector employees, too. One … But it will take a while. Public pension systems are pre-funded. … Consider the state’s largest public pension system, which covers … “interest only” payment on pension debts, which reduced the amount taxpayers … why this system has so much debt in the first place, and has …
… out of the state’s pension debt payments and spend it elsewhere. … careful. Underfunded pension debts have a long history of wreaking … up on what taxpayers owe to public retirees. All public school employees are required … insurance system. Michigan public schools send money to the …
… them. This means that pension debt is growing faster than the … governments to pay down their debts. The situation is unfair to … taxpayers who have to pay down a debt that shouldn’t have developed … Michigan has improved its public employee pensions and retiree … retirement benefits. But the debt for legacy plans — including …
… Michigan’s important sources of public debt has taken a turn for the … state’s shortfall in funding for public school employee pension debt is down by roughly $5.2 billion, … State law requires that all public school employees, including … pensions, leaving $29.9 billion in debt. This gap didn’t appear overnight. …
Detroit Public Schools recently borrowed $78.5 million from a "Michigan Finance Authority," and the … The authority has incurred about $11 billion in debt, which it turns around and lends to other entities … ultimately obligated to repay the $11 billion in debt it has accumulated, and who covers the tab if any …
… discuss a bailout of the Detroit Public Schools, some have argued … ultimately responsible for DPS debt. Yet a look at the composition of the district’s debt shows very little taxpayer … district carries $3.4 billion in debt, most of which contains some … obligation to cover the district’s debt. Consider what is listed as …
