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.
(Michigan Capitol Confidential) Nine Republicans co-sponsor legislation that would put $165 million toward unfunded union pension liabilities, after each of them received union campaign contributions.
(New York Times) Having counted on Washington for money that may not be delivered, at least 30 states will have to close larger-than-anticipated shortfalls in the coming fiscal year unless Congress passes a six-month extension of increased federal spending on Medicaid.
Despite an additional appropriation in the recently approved capital budget, reports of failed designs continue to plague the more than $750 million Port of Anchorage expansion project.
Every generation in America…until this one…has endeavored to deliver a better quality of life, and an improved nation to our children. For the first time in our country’s history, we have failed in this challenge.
As long as Alaska receives Federal funding for education and transportation, “maintenance of effort” (MOE) stipulations would prevent the State from making budget cuts in those areas.
(KTUU) Patients and staffers at Anchorage’s veterans’ clinic have waited two years for this day: the opening of their new building on North Muldoon Road. Less than seven miles from the site of the new crime lab, the new clinic measures 184,000 square feet, but with a price tag that should make Alaska policymakers take notice.
After an independent review of Alaska’s public retirement systems revealed more than $24 billion in unfunded liabilities, state officials said the steady annual increases in debt were caused by a combination of unhealthy markets and rising health care costs.
(ADN) The Anchorage port cost has doubled from an estimated $375 million to $750+ million, and the expected completion date has moved from 2015 to a likely 2020. The ICRC is now seeking a new contractor to fix existing issues and complete the project.
(Pittsburgh Tribune-Review) Before trillions more of our dollars are wasted in a vain effort to control the weather 100 years from now, our leaders should be much more certain that human activities are […]
(Fairbanks Daily News-miner) The state suspended, for one year ending in mid-2009, a school-focused Medicaid reimbursement program after muddy financial reporting raised red flags with federal agencies. The Department of Health and Social Services has asked for a legislative OK to balance its books by $7 million to try to resolve past budgeting issues within the program.
(The Heritage Foundation) Resistance to higher fuel taxes to fund failed state and federal transportation programs has encouraged President Obama, some Members of Congress, and transportation lobbyists to endorse a federal infrastructure bank to invest in highways and transit.