Posts Tagged ‘fiscal responsibility’

AK Capital Budget & Non-Mission Critical Items

The Alaska Policy Forum has been a very active partner with many others in holding the State Of Alaska accountable for wasteful spending.  This partnership, Mission Critical Alaska, has evaluated every department in the state government and identified the mission critical spending and non-mission critical...
July 27th, 2017 | Fiscal Policy | Read More

State sees bonds as investment capital to close unfunded pension gap

Here is a repost of an article written in June 2010 on the state using bonds to fund state pensions. June 14, 2010 Selling up to $5 billion in bonds could either place Alaska further in the red or, as State officials hope, successfully decrease the multi-billion dollar pension unfunded liability. Deputy...
September 20th, 2016 | Recent News | Read More

Audio: The Failed Experiment of Pension Bonding

In 2008, the Alaska Legislature passed House Bill 13, which authorized the selling of bonds (debt) for investment to fill the $10 billion pension gap in PERS/TRS. But Steve Malanga from the Manhattan Institute says pension bonding is an idea that has been attempted in other states with some terrible...
September 20th, 2016 | Fiscal Policy, Recent News | Read More

Alaska Funds PERS Retirement for Alaska Municipal League Employees

This is a reprint of an article which we posted on May 17, 2010.  Today, it is even more relevant because the CEO of the Alaska Municipal League, Kathy Wasserman, is arguing against recently filed legislation shifting more of the PERS costs to local governments. These are the same government interests...
March 29th, 2016 | Accountability | Read More

Nevada Governor-Elect seeks to link agency budgets to goals

Gov. Brian Sandoval said he favors switching how Nevada government spends money to a “performance-based” budgeting system in which state agencies must meet pre-set goals and requirements. (Read more…)
January 21st, 2011 | Fiscal Policy | Read More

More Please: Prioritization of Spending Programs

The governor called a press conference after the election to outline his transition process, and to call for input from citizens over the next four years, stating, We want the strongest ideas to emerge – ideas that will take our state forward, create opportunities and strengthen the economy. One thing...
November 8th, 2010 | Fiscal Policy | Read More

Startling state unfunded liabilities

(NCPA) NCPA’s Unfunded Liabilities report takes a sobering look at state pension plans. Alaska’s unfunded liabilities are 42% of the state’s GDP. Read the report <here>
September 24th, 2010 | Fiscal Policy | Read More

America under tax burden

(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 in-depth look at the general financial health of the country in the coming years. Read the report <here>
September 23rd, 2010 | Fiscal Policy | Read More

$2 million per stimulus job in L.A.

(FOX) 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. Read the article <here>
September 17th, 2010 | Fiscal Policy | Read More

Decadent deficiency: L.A. county schools

(Heritage Foundation) $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. Read the article <here>
September 14th, 2010 | Education, Fiscal Policy | Read More

The Cost of the Protected Class in California

Arnold Schwarzenegger, Governor of California, writes in the WSJ about the pension obligation challenges of the State of California.
August 30th, 2010 | Fiscal Policy | Read More

Social Security ripe for bailout

(NCPA) 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. Read the article <here>
August 11th, 2010 | Fiscal Policy, Recent News | Read More

Report: True transparency makes budget trimming easier

(Kansas Policy Institute) Identifying potential savings is critically dependent upon full transparency. Taxpayers and government officials need easy access to information that is uniformly tracked and reported. Local governments may understandably prefer to decide these matters for themselves but their...
August 2nd, 2010 | Fiscal Policy | Read More

Budget manipulation and its effects on taxpayers

The Mercatus Center at George Mason University takes a serious look at state budgets and the inflation of them caused by gimmickry, fiscal evasion, and fiscal illusion; all common practices which pass extra costs off to taxpayers. Read the full report <here>
July 22nd, 2010 | Transparency | Read More

How Expiration of the Bush Tax Cuts Affects Typical Families

The tax cuts implemented in the first term of President George W. Bush are set to expire this year, with little hope that they will be reauthorized by the current Congress.
July 9th, 2010 | Fiscal Policy | Read More

Welfare: Road to Ruin

(The Heritage Foundation) The federal government runs over 70 different means-tested anti-poverty programs that provide cash, food, housing, medical care, and social services to poor and low-income persons. These means-tested programs—including food stamps, public housing, low-income energy assistance,...
June 29th, 2010 | Economics, Fiscal Policy | Read More
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