Map shows a sample of state and local governments that have negotiated changes in pension plans.

This report describes the economic conditions and budgeting practices that can lead to significant budgetary challenges. It also reviews options available to local and state governments and the federal government for addressing such financial difficulty.

Meaningful pension changes under way at state and local levels; federal intervention is unwarranted.

This document includes the City of Peoria’s guidelines to creating a fiscally healthy planning and management system.