Data-Z News

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Surplus or mirage? Why WV Gov. Jim Justice’s budget numbers aren’t what they seem

JULY 28, 2021 | WEST VIRGINIA PUBLIC BROADCASTING | by Ian Karbal

By Ian Karbal (Mountain State Spotlight), includes “On July 1, Gov. Jim Justice announced that in the 2021 fiscal year, which ended the previous day, West Virginia had a budget surplus of $413 million, topping previous expectations for the year."

It’s my job to explain our district’s budget. It keeps getting harder

JULY 28, 2021 | CHALKBEAT | by Erika Cohen

By Erika Cohen (school board member in Derry, New Hampshire) includes “Over five years, I have learned that those facts are usually numbers, but the words I use to explain them are even more important."

Mass spending for mass transit

JULY 27, 2021 | THE WALL STREET JOURNAL | by Editorial

Editorial, includes “Democrats are accusing Republicans of holding up the Senate infrastructure deal over funding for mass transit. Here’s what’s really going on: Republicans have bowed to most Democratic demands..."

Will Illinois Democrats ‘let the people vote’ on pension reform?

JULY 27, 2021 | CHICAGO TRIBUNE | by Editorial

Editorial, includes “… we hoped that for lack of easy tax increases, they’d address the pension crisis that lawmakers of both parties spent decades creating, and that consumes nearly a quarter of state revenues."

Ohio pensioners may hold the key to finally fixing America’s struggling public pensions

JULY 26, 2021 | FORBES | by Edward Siedle

By Edward Siedle, includes “… the Ohio Retired Teachers Association (ORTA) engaged my firm to conduct an independent expert forensic review of the $90 billion-plus State Teachers Retirement System of Ohio..."

The high cost of secrecy

JULY 26, 2021 | OHIO RETIRED TEACHERS ASSOCIATION

Includes “… Alarmingly, our investigation reveals that the State Teachers Retirement System of Ohio (STRS) has long abandoned transparency."

Foggy crystal ball leads to 21 years of Illinois budget deficits

JULY 26, 2021 | ILLINOIS POLICY INSTITUTE | by Luke Schafer

By Luke Schafer, includes “… Lawmakers should adopt a consensus revenue estimate to minimize politics and improve accuracy. … Most other states recognize erroneous revenue predictions as a problem."

Budget processes in the states 2021

JULY 26, 2021 | NATIONAL ASSOCIATION OF STATE BUDGET OFFICERS

Includes “… Meanwhile, in 12 states, separate or competing forecasts are developed by the executive and legislative branches. In 10 states, the executive branch is solely responsible for revenue forecasting.”

Analysis of Illinois 2022 enacted General Fund budget

JULY 23, 2021 | CENTER FOR TAX AND BUDGET ACCOUNTABILITY (CTBA)

From July 22, 2021, includes “Yet, despite obtaining the aforesaid new federal and state funding, the FY 2022 Enacted General Fund Budget that passed into law (‘P.A. 102-0017’) increases overall net spending on core services in FY 2022 by just $586 million."

This knee-jerk dissing of Illinois is getting old

JULY 23, 2021 | CAPITOL FAX | by Rich Miller

From June 25, 2021, by Rich Miller, includes “From the CTBA … ‘Despite obtaining the aforesaid new federal and state funding.... the FY 2022 General Fund budget passed into law over Memorial Day weekend holds overall net spending on core services in FY 2022.”

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