On Monday, the US Treasury Department released an “interim final rule” on what states can do if they take money from the American Rescue Plan Act (ARPA). Based on the rule…
Unfunded pension liabilities are driving up the cost of state government borrowing. For states, there may not be much difference between Republicans and Democrats. But for local governments, Democratic control…
Matthew Klein argues for Barron’s that governments need to adopt stricter accounting standards. Governments hide what they owe and ignore what they own. Current practice “misses large swaths of government…
One reason teachers and state employees may not have seen the raises they wanted in recent years is that the government’s cost for pensions and retiree health benefits has climbed…
Budget writers can help ensure the state’s long-term ability to meet its fiscal needs thanks to windfall revenue this year. Legislative fiscal staff expect the state to have $356.7 million…
Vito Racanelli of Barron’s highlights the problem of mixing politics with government workers’ pensions. While the U.S. stock market has produced one of the longest and strongest bull runs in…
In an article published in Education Week, Daarel Burnette and Madeline Will point out that the rising cost of pension obligations is consuming dollars that would otherwise be spent on…
Nicole Gelinas writes at National Review Online that the Trump administration’s infrastructure plan could help prompt states to take action on a larger long-term fiscal challenge. Two hundred billion dollars…
Ray Dalio’s team projects life without the state and local tax deduction will result in higher effective taxes in high tax states, more flight from those states and lower tax…
North Carolina’s pension plans for government employees did well this past fiscal year, growing 10.6% to $93.9 billion. That was below the median gain for all public pension funds in…
Join us Monday, June 5 at JLF. In this presentation, Treasurer Dale Folwell will discuss the North Carolina Department of State Treasurer and promises made that touch one out of…
Rick Henderson reports for Carolina Journal Online on the N.C. Military Affairs Commission’s possible violation of the state’s Open Meetings Law in its consideration of the controversial Amazon Wind Farm.…