Sustainable Public Finance Archive

More than a number: the impacts of a higher minimum wage

At the Laura and John Arnold Foundation (LJAF), we constantly think about how to improve people’s lives through better policy. How can we remedy the inefficiencies and injustice in our social, political, and economic systems? What will it take to create safer communities, better schools, and successful social programs? What policies truly foster an environment … Read More

2016 Laura and John Arnold Foundation Annual Report

The Laura and John Arnold Foundation today issued its 2016 Annual Report, “Reforming Systems to Improve Lives.” The report explains that LJAF’s approach to philanthropy is focused on identifying effective, sustainable solutions that address the root causes of a problem. Laura and John Arnold stated that this approach has begun to demonstrate success in several … Read More

2014 Laura and John Arnold Foundation Annual Report

The Laura and John Arnold Foundation (LJAF) issued our first Annual Report in 2014, a year that marked a turning point for LJAF. “We have achieved significant milestones in our core issue areas, and a critical mass of our projects has now moved from the concept stage to execution,” LJAF Co-Founders Laura and John Arnold … Read More

Pension debt strains Chicago’s finances, threatens retiree security

Moody’s Investors Service last week downgraded the City of Chicago’s credit rating yet again, barely eight months after a triple notch hit last July. The latest downgrade of Chicago’s general obligation bonds to Baa1 means Chicago now has the worst credit rating of any major U.S. city, with the exception of Detroit, which filed for … Read More

Laura and John Arnold: Let’s prevent another Detroit

For years, economic experts have warned about the risks and potential financial calamities associated with underfunded pensions. Sadly, this future has arrived. Detroit recently earned the dubious distinction of being the largest municipality in the United States ever to declare bankruptcy, with retirement-related debt constituting over 80 percent of the city’s unsecured debt. Perhaps no … Read More