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.
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.
$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.
(WSJ) Few Californians in the private sector have $1 million in savings, but that’s effectively the retirement account they guarantee to many state government employees.
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.
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.
(The Tax Foundation on CNBC) 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.
The U.S. welfare program will see a 42 percent increase from FY2008 by FY2011, something The Heritage Foundation calls unsustainable and a path to bankruptcy.
GOP legislators voice favoritism for a state transparency website being constructed without legislative approval, citing benefits it would bring such as cost savings.
After two full days of presentations, discussions and review, the Alaska Retirement Management Board approved pension contribution rates today for fiscal year 2012 in an effort to reduce the multi-billion dollar unfunded liability.
A $23 billion education stimulus under consideration would save 250,000 teaching jobs, something the original ARRA should have done. Instead the funding was used to create more non-teaching positions.
ASD is getting ready to spend $300 million on West Romig renewal. But how will it affect student achievement?
Battle lines are being drawn in San Diego over a possible November ballot measure that supporters say would ensure competitive bidding for municipal contracts, but which opponents argue is deceptive and has hidden consequences. Councilman Carl DeMaio plans to submit more than 138,000 signatures to the San Diego City Clerk’s Office on Monday to qualify his so-called “Competition and Transparency in City Contracting” measure for the November ballot.
On June 14th at 6:30, the Anchorage School Board will consider approving a master plan to rebuild West High School and Romig Middle School into a community center school.