Fiscal 50 State trends visualization

http://www.pewtrusts.org/en/multimedia/data-visualizations/2014/fiscal-50#ind0

Rainy Day Funds

States have not rebuilt their rainy day funds - a Pew study shows just over half of what they had in 2007. The challenges to a state in an economic downturn without adequate reserves are great. http://www.pewtrusts.org/~/media/Assets/2015/03/StateRevenueForecastingReportARTFINALv4web.pdf?la=en

Not funding pensions

http://accounting.smartpros.com/x76416.xml Richmond CA and the debt per capita.

NFP Boards not quite as effective as necessary

http://www.bkd.com/articles/2015/good-intentions-or-intentionally-which-describes-your-board-of-directors.htm?mkt_tok=3RkMMJWWfF9wsRoju6%2FNZKXonjHpfsX56OkpXaC1lMI%2F0ER3fOvrPUfGjI4CScZkI%2BSLDwEYGJlv6SgFT7nDMaxwy7gIWxQ%3D Read the results of the survey taken in Jan 2015, that was written up by BKD.

Few States Neglected Pension Funds during Recessions

http://www.nasra.org/files/JointPublications/NASRA_ARC_Spotlight.pdf This 12 year report looks at the funding of the ARC (annual required contribution) for 112 organizations for a period of a dozen years.

Predicting State government revenue a challenge

http://www.pewtrusts.org/en/research-and-analysis/reports/2015/03/managing-volatile-tax-collections-in-state-revenue-forecasts The Pew study identifies the volatility in forecasting revenue and talks about ways to manage the volatility.

GASB 72 on fair value effective 6-15-15

http://www.journalofaccountancy.com/news/2015/mar/gasb-fair-value-measurement-guidance-201511887.html GASB Fair value standard, a result of stakeholder requests for clarity, has been passed.