The proposed settlement is heralded by some as a major victory, supposedly securing $100 million for the state to use for coastal restoration. In reality, the proposed settlement, if adopted, would yield nowhere near $100 million and divert much of the money it did raise to unrelated government spending. Two key flaws undermine the settlement’s...View Report
As states across the country face fiscal crises, discussions have begun about legislation which would permit individual states to declare bankruptcy. Currently, federal law prohibits states from filing for bankruptcy, but a number of prominent policymakers and scholars have proposed changing the rules.