Saturday, April 23, 2011
Treasury department's inspector general finds
Governments submit inaccurate tax form data, well, less than 1%, but what about the example being set http://thehill.com/blogs/on-the-money/domestic-taxes/157205-audit-governments-could-reduce-number-of-incorrect-tax-submissions.
Warnings of the federal debt and investors
in the muni bond react, or don't as discussed http://www.reuters.com/article/2011/04/21/us-markets-municipals-idUSTRE73K64120110421
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
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