Tag: Tax and Fiscal Policy Task Force

Tag: Tax and Fiscal Policy Task Force

  • 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.

  • State Tax Cut Roundup: 2015 Legislative Session image

    State Tax Cut Roundup: 2015 Legislative Session

    The 2015 legislative session featured a notable number of states achieving tax relief and tax reform for their citizens. Pro-growth tax reform was a key theme throughout the 2015 legislative …

  • The New Hampshire Primary Results Project Little Hope in Economic Growth image

    The New Hampshire Primary Results Project Little Hope in Economic Growth

    Because of its varying policies, New Hampshire’s economic priorities are difficult to gauge, which some pundits might suggest make the state a good testing ground for presidential candidates’ platforms. The state’s inherent fiscal inconsistencies might also explain the seemingly irreconcilable gulf between voters’ concerns about the economy and their support for Sanders and Trump.

  • Governor Bevin Calls for Responsible Spending in New Budget image

    Governor Bevin Calls for Responsible Spending in New Budget

    Newly elected Kentucky Governor Matt Bevin used his State of the Commonwealth Budget Address to challenge Kentucky to do better in terms of responsible budgeting and be “the best version …

  • State of the State: Utah image

    State of the State: Utah

    Few states in the nation can rival Utah’s commitment to fiscal responsibility and economic competitiveness. A lesser writer would even say that the Beehive State’s economy is buzzing. Utah’s consistent …

  • State of the Commonwealth: Massachusetts image

    State of the Commonwealth: Massachusetts

    Governor Charlie Baker had a good week following the news that General Electric is moving its corporate headquarters to Boston. If Baker and Massachusetts continue to implement spending and tax reductions, …

  • State of the State: New Mexico image

    State of the State: New Mexico

    New Mexico Governor Susana Martinez recently gave her State of the State address, opening the 2016 legislative session. The governor’s address reflected the crossroads at which New Mexico currently stands.

  • Resolution Calling for a Federal Balanced Budget Amendment image

    Resolution Calling for a Federal Balanced Budget Amendment

    {Title, enacting clause, etc.} A RESOLUTION, for the purpose of petitioning the Congress of the United States to adopt an amendment to the Constitution of the United States, for submission to …