Local governments have been the first line of government action in the fight against the coronavirus. They are also the level of government most vulnerable to the fiscal impact of…
This week, the State Policy Network, an organization that brings together free-market think tanks across the country, published a piece by the John Locke Foundation’s Joe Coletti. The piece focusses…
Executive Summary North Carolina’s Teachers’ and State Employees’ Retirement System (TSERS) is widely recognized as being among the nation’s healthiest pension plan systems, currently almost 90 percent funded at a…
Veronique de Rugy explains at Reason.com why the latest Mercatus Center ranking of states’ fiscal health raises serious concerns. [T]he study’s most important finding is that being at the top…
Thomas Healey writes in Barron’s about one state’s efforts to tackle unfunded public pension liabilities. Kicking pension problems down the road is widespread. There are currently $3.4 trillion of unfunded…
The Governmental Accounting Standards Board, otherwise known as GASB, announced that two statements are now published that will improve the accounting and financial reporting by state and local governments for…
Government has a set of accounting standards they must abide by when reporting their financials. These rules are managed by the Governmental Accounting Standards Board (GASB). In 2012 GASB created…
View in your browser. The prevailing accounting practices of North Carolina state government, and those of other states, would be illegal if carried out by a private corporation. The problem…
View in your browser. The dominant organization with regard to state accounting standards, The Governmental Accounting Standards Board, has recently refined its guidelines for reporting on pensions. I can see…
Kevin D. Williamson shares with National Review Online readers this morning his thoughts about the potential impact of impending action from the Governmental Accounting Standards Board, which “is getting ready…