The Tax Foundation, the nation’s leading independent tax policy nonprofit organization has published their take on the governor’s tax proposal. Highlights: “When Alaska’s legislature convenes in the year’s fourth special session on Monday, […]
Look at this if you want to see excessive spending (some pork). Think of this in terms of your PFD and value the items at $1,000–last year’s PFD.
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. (This is a repost of an article we posted in June 2010)
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.
The irony and hypocrisy is simply overwhelming. Here is the CEO of Alaska Municipal League arguing against shifting PERS costs to local governments even though she is covered in PERS as a non-government employee!
Watch Nevada: 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.
The Governor wants suggestions. Here’s one: Continue to require that departments prioritize their programs.
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.