Saturday, April 23, 2011

Thursday, April 21, 2011

How one of the richest counties is nearly broke

This story as reported by Bloomberg Business Week http://www.businessweek.com/magazine/content/11_17/b4225066138557.htm

Will US government bonds be downgraded?

Standard and Poors issued warnings http://www.independent.co.uk/news/business/news/sampp-springs-downgrade-warning-on-us-debt-2269709.html     Some question whether S&P has the integrity to make this kind of call   http://www.cnbc.com/id/42650973    Another perspective available in this link http://www.economist.com/blogs/buttonwood/2011/04/debt_crisis    This ten minute video from the Wall Street Journal has individuals involved in this discussing it

Monday, April 11, 2011

Governors' salaries decline

on average according to Stateline http://www.stateline.org/live/details/story?contentId=565482  Some of this driven by California, who decreased theirs, and I never Arnold never took a salary for being governor.  Public servants.

Tax Foundation Fiscal Fact releases

data from Census Bureau on State tax collections.  The 2010 data shows a decline in state revenue and reports data by state http://accounting.smartpros.com/x71703.xml

Monday, April 4, 2011

GASB looking at State's pension disclosures

The importance of the discount rate used and expected rate of return to ensure good numbers are used in the disclosures http://www.reuters.com/article/2011/04/01/us-usa-states-pensions-accounting-idUSTRE7305Z020110401