Moody’s Says Janus Is a Winner for Long Term Finances of State and Local Governments

The Supreme Court’s ruling on Wednesday that public sector unions can no longer mandate nonmembers pay union fees from nonmembers is expected to have a positive impact on state finances in the long-term, according to Moody’s Investor Services.

The bond-rating agency put out this statement shortly after the decision was announced:

Moody’s has issued the following statement regarding today’s Supreme Court decision on Janus v. AFSCME, declaring public employee unions cannot charge fees to non-members. pic.twitter.com/bWvBNy5VBN

— Moody’s US Public Finance (@MoodysUSPubFin) June 27, 2018