The passage of health care reform earlier in 2010 brought with it significant expansions in Medicaid, the joint State/Federal welfare program administered by the states. Even though the federal government will be picking up the tab for the first few years, ultimately, the states will find the share they are required to pay unaffordable.
NCPA’s Unfunded Liabilities report takes a sobering look at state pension plans. Alaska’s unfunded liabilities are 42% of the state’s GDP.
(Heritage Foundation) With Bush-Era tax cuts set to expire and the new health care law ready to start collecting, The Heritage Foundation takes an indepth look at the general financial health of the country in the coming years.
(CNSNews) Taxpayers have spent over $9 million to advertise work sites for American Recovery and Reinvestment Act projects. Read the article <here>
Los Angeles has released a report on job creation/retention directly related to the recent stimulus package. $111 million dollars has provided only 55 employees with continued employment.
Sin taxes and cuts to the Anchorage Police Department dominated public forums for the Municipality of Anchorage Fiscal Year 2012 budget.
$578 million dollar schools, school districts building when in $640 million dollar deficits, and less than half of students graduating high school sum up L.A. county, a perfect candidate for school choice.
A close look is taken at the outcome of the American Recovery and Reinvestment Act, pertaining to infrastructure; what it has done, and what it has not. With the proposal of another infrastructure spending spree, costing taxpayers $50 billion, the question of union pandering arises.
As questions regarding Social Security issues are raised methods of dealing with them, that include raising the retirement age and payroll taxes, are being floated. This year Social Security paid out more than it received, and predictions say it will only continue.
(Kansas Policy Institute) As revenues decline, local government is faced with the decision to raise taxes, which could risk citizens leaving for better tax structure, or trim and cut government growth. Better budget information could make the decision easier.