Tag: Tax and Fiscal Policy Task Force

Tag: Tax and Fiscal Policy Task Force

  • Michigan State of the State: A Comeback Story image

    Michigan State of the State: A Comeback Story

    Fortune is changing in the state of Michigan following decades of extreme economic adversity, from the rapid downturn in the auto industry to the downward population spiral in Detroit. Governor …

  • Kentucky State of the State: Governor Bevin Commits to Tax and Pension Reform image

    Kentucky State of the State: Governor Bevin Commits to Tax and Pension Reform

    Kentucky had an eventful legislative session last year after the state house switched party control for the first time since 1921, resulting in a Republican trifecta. During …

  • Missouri State of the State: Government Should “Do Fewer Things and Do Them Better.” image

    Missouri State of the State: Government Should “Do Fewer Things and Do Them Better.”

    The Show-Me State’s 2018 legislative session is off to an exciting start, as Eric Greitens begins his second year as Missouri governor. His inaugural session in office focused heavily on …

  • Nebraska State of the State: Tax Reform on the Horizon image

    Nebraska State of the State: Tax Reform on the Horizon

    Last year, Nebraska Governor Pete Ricketts (R.) received the American Legislative Exchange Council annual “Best of the Best” award for his bold, pro-growth oriented State of the …

  • Indiana State of the State Address image

    Indiana State of the State Address

    The Hoosier State has implemented commendable changes regarding tax and fiscal policy in the past several years, with strong leaders at the helm including Governor Eric Holcomb, and former Governors …

  • Iowa Governor’s Condition of the State Address Promises Bold Tax Reform image

    Iowa Governor’s Condition of the State Address Promises Bold Tax Reform

    Iowa Governor Kim Reynolds delivered her first Condition of the State address last week in Des Moines. Reynolds served as Lieutenant Governor under former Governor Terry Branstad.

  • Resolution Opposing Federal Bailouts of State and Local Pension Plans image

    Resolution Opposing Federal Bailouts of State and Local Pension Plans

    Summary: A resolution in support of federal legislation prohibiting the Secretary of the Treasury and the Board of Governors of the Federal Reserve System from providing bailouts or other financial …

  • Erica York: Redskins Camp is a Bad Deal for RVA Taxpayers image

    Erica York: Redskins Camp is a Bad Deal for RVA Taxpayers

    As the Washington Redskins “broke training camp” at their state-of-the art facility, the city of Richmond is going broke paying for it all.This year marks the fifth season the football …

  • Enhanced Integrity in Public Employee Pension Plan Reporting image

    Enhanced Integrity in Public Employee Pension Plan Reporting

    Enhanced Integrity in Public Employee Pension Plan Reporting  Summary Under current GAAP for state and local governments some financial statement users may not realize the gravity of failure to …

  • Jonathan Williams Joins the State Financial Officers Foundation Advisory Board image

    Jonathan Williams Joins the State Financial Officers Foundation Advisory Board

    Jonathan Williams has joined the State Financial Officers Foundation (SFOF) Advisory Board.

  • State of the State: New Hampshire image

    State of the State: New Hampshire

    Despite the Granite State’s strengths and Sununu’s proposals, there remains work to be done. For example, the top marginal tax rate for corporations is a steep 8.2%; and although New Hampshire doesn’t have a personal income tax or sales tax, it does have the highest property tax burden in the nation. New Hampshire also ranks a lackluster 37th in the nation in terms of burdensome regulations according to the Pacific Research Institute. Furthermore, the recently released ALEC report Unaccountable and Unaffordable 2016 ranks the state’s pension funding level at 43rd nationally. Using a risk-free rate of return of 2.344 percent, New Hampshire’s state pensions are unfunded in excess of $13,000 per capita with a funded ratio of just 28 percent.

  • Spooky, Scary Pension Fund Skeletons image

    Spooky, Scary Pension Fund Skeletons

    If states want to keep their pension plans healthy, and avoid a virtual apocalypse of the pension undead, reform is indispensable.

  • Nickel and Diming Innovation to Death image

    Nickel and Diming Innovation to Death

    The Commonwealth of Massachusetts is creating a new tax on Transportation Networking Companies (TNCs) to the tune of $0.20 per ride. Of the $0.20, five cents, or a full jitney nickel, will go to none other than the taxi industry itself.

  • For Economic Opportunity, the Redder the Better image

    For Economic Opportunity, the Redder the Better

    Many of America’s bluest states are deep in the red thanks to tried-and-failed progressive policies. The Illinois General Assembly can’t pass a long-term budget deal, leading to significant losses …

  • A Congressional Proposal for “A Better Way” image

    A Congressional Proposal for “A Better Way”

    During a recent address in the United States Capitol’s Statuary Hall, Speaker of the House Paul Ryan and other congressional leaders outlined “A Better Way,” a series of policy proposals mostly …

  • Draft Act to Identify Coercive Federal Funds in the Budget of [INSERT STATE] image

    Draft Act to Identify Coercive Federal Funds in the Budget of [INSERT STATE]

    An Act to create [section ______] of the statutes; relating to: [state legislative budget bureau] reports on federal funds in the state budget, and the conditions attached by federal law and federal regulation thereto, …

  • State Council on Competitive Government Act image

    State Council on Competitive Government Act

    {Title, enacting clause, etc.} Section 1. {Definitions.} In this chapter: (1)  “Council” means the State Council on Competitive Government. (2)  “Local government” means a county, municipality, special district, school district, …

  • Growth in the Desert image

    Growth in the Desert

    By abandoning the tax-and-spend playbook and prioritizing sound budgeting, state officials and legislators continue to help Arizona separate itself from economically overburdened states like Illinois, Connecticut and Pennsylvania.

  • Victory for Taxpayers in Pennsylvania Budget image

    Victory for Taxpayers in Pennsylvania Budget

    Pennsylvania taxpayers were victorious in April, as the commonwealth completed the last part of its 2015-2016 budget. Governor Tom Wolf allowed the fiscal code bill to go into effect, marking …

  • Filtering out the Myths Supporting Cigarette Taxes image

    Filtering out the Myths Supporting Cigarette Taxes

    If the concern of state officials is with the public welfare, the choice is clear. Based on the empirical data collected from other states, increasing cigarette taxes will chill commerce, burden small businesses, damage employment rates and do little for public health.