Tag: State Budgets
Tag: State Budgets
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Medicaid Expansion Leads to State Budget Shortfalls: Jonathan Williams on At The Core
ALEC EVP of Policy and Chief Economist Jonathan Williams appeared on American Family Radio’s At The Core to explain how Medicaid expansion may not only lead…
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Other Post-Employment Benefit Liabilities, 2020
The Continuing Need for OPEB Reform
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Other Post-Employment Benefit Liabilities, 2019
The Continuing Need for OPEB Reform
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Senate Budget Committee Looks to the States for Guidance on Responsible Budgeting
States like Wyoming regularly pass balanced budgets and hold their lawmakers accountable for excessive spending—it is great to see the Senate Budget Committee taking the lead to discuss needed budget reforms. Taking lessons from our laboratories of democracy is exactly the right place to start.
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The Williams Report: January 2019
BUDGET Arizona: Gov. Ducey’s Budget Proposal Adds to Arizona Education Spending Gov. Doug Ducey’s first budget since re-election contains a substantial increase in education spending. Arizona can…
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The Williams Report: December 2018
BUDGET Illinois: State Owes Private Firms more than $327 Million in Late Interest Payment Penalties After paying $275 million in late interest payment fees, Illinois still owes third-party financers…
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The Williams Report: November 2018, Part 2
BUDGET Connecticut: General Assembly Democrats May Need GOP Help to Pass Next CT Budget Connecticut is currently projected to have a $2 billion deficit next budget cycle. The “volatility cap,”…
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The Williams Report: November 2018
BUDGET Indiana: Hoosiers Will Vote “Yes” or “No” on Balanced Budget Amendment Indiana voters will decide this November whether or not state legislators must pass a balanced…
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Invasion of the Budget Snatchers: The Looming State Financial Crisis
Like the beginning of a horror movie, the end of a budget process is often bright with people smiling, shaking hands, and congratulating themselves on passing a balanced budget. But…
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The Williams Report: October 2018, Part 2
BUDGET: Arkansas: Hearings on State’s Budget to Get Going As budget hearings begin, Arkansas legislators will learn the details of programmatic and state agency funding needs, and what Governor…
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The Williams Report: October 2018
BUDGET: Alaska: New State Budget Report Predicts State Savings Accounts Will Be Empty by 2021 Alaska’s persistent funding crisis continues as the state is forced to underfund entitlements and…
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1.1 Trillion Reasons to Remember State and Local Bond Obligations
Note: This Article Originally Appeared in The Hill. We can all agree that we want our states and cities to avoid the painful lessons collectively learned from the recent…
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The Williams Report, September 2018
Budget: Connecticut: Small Surplus Projected with Current Budget Two months into Connecticut’s fiscal year, the state’s budget chief is projecting a nearly $138 million operating surplus, driven…
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The Pension Crisis is not a Black Swan Event
Close your eyes and envision a swan. What color is it? Most likely, it is a white swan. Because most of us go our entire lives coming across only white…
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State Bonded Obligations, 2018
States issue a diverse array of bonded obligations, with a range of obligation strength, revenue sources, debt service schedules, and other factors. This study collects and analyzes the bonded obligations…
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The Williams Report, August 2018
Budget: Illinois: State Admits to Billion-Dollar Budget Hole The Rauner Administration acknowledged a $1.2 billion structural deficit in an offer to sell $920 million in state bonds.
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Unaccountable, Unaffordable 2017
Unaffordable and Unaccountable 2017 surveys the more than 280 state-administered public pension plans, detailing their assets and liabilities. The unfunded liabilities (the amount by which the present value of liabilities…
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The Williams Report
Budget Alabama: Alabama’s general fund ended the year with $34 million more dollars than expected, but in the eyes of many politicians it is as good as…
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Distinguishing Myth from Reality: The Kansas Tax Reform Effort
Tax policy changes in Kansas have received more media attention than any other state-level fiscal reforms in recent memory – even though many successful pro-growth tax reforms took place in…
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Oregon Triggered by Poor Tax Policy
Oregon taxpayers will receive $464 million worth of their income tax payments back as refundable credits on their 2018 returns, despite the initial $1.8…