With new accounting rules looming, states and municipalities are beginning to realize that their unfunded pension liabilities are much more severe than they had previously estimated. Defined-benefit pension plans, the standard for government employees, have wreaked havoc on state and local budgets for years. Unrealistic assumptions about the rate of … »
Newly-elected New York City Mayor Bill de Blasio announced last week that space-sharing agreements for three New York City charter schools have been rescinded. This decision marks an abrupt change from de Blasio’s charter-friendly predecessor, Michael Bloomberg, who helped create a supportive environment for publicly funded charter schools and was a proponent of space-sharing agreements between charter schools and traditional public schools.
The three charter schools affected by de Blasio’s announcement are operated by the Success Academy network. Two of the charter schools have yet to open, and will likely not open because of de Blasio’s decision, while the …
Tennessee policymakers are considering the repeal or “localization” of the Hall Tax, a tax on investment income (interest, dividends, and capital gains). The legislature is correct to consider this a pro-growth tax reform proposal. The Hall Tax, like all taxes on investment income, takes in little revenue while creating huge … »
Last week, a bill was introduced but never heard in the Washington State Senate that considered a proposal to tax electronic cigarettes at 95 percent of their cost; the same as other tobacco or tobacco substitute products. A similar proposal is currently working its way through the Washington House as … »
Around the country there have been calls to raise the minimum wage, to impose strict regulations on our businesses and to forcibly adopt a health care system that nationalizes one-sixth of our economy. The intended role of the federal government established by our Founding Fathers was to protect the rights … »