Fitch slaps PA with another debt downgrade as pensions, bad budgeting continue to wreck state’s finances

By   /  September 24, 2014  /  Finances, News, Pennsylvania, Pensions, State Budgets, State Government  /  No Comments

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If three times is a trend, we’ll have to find another word to describe the fact Pennsylvania’s credit rating has been downgraded for a fourth time in just a little over two years.

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Federal agencies often lose track of all that money, GAO audit finds

By   /  September 24, 2014  /  Audits, Budget and Spending, Federal Government, Federal Stimulus, Finances, Issues, National, News  /  No Comments

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When anyone talks about government picking winners and losers, they usually mean the process in which officials hand out special favors to the politically connected.

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Biotech’s IPO could mean good news for New Mexico taxpayers

By   /  September 24, 2014  /  Budget + Tax, Finances, New Mexico, New Mexico Watchdog, News, State Government  /  No Comments

Photo from Exagen Diagnostics website

Exagen Diagnostics, a New Mexico-based biotech firm, plans on launching a $69 million IPO. The company is 37 percent owned by the State Investment Council.

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Charter school in uncharted territory, says audit

By   /  September 19, 2014  /  Accountability, Audits, Education, Finances, Government Regulation, Local News, News, Pennsylvania, School Choice  /  No Comments

Chart from auditor general's May 2014 special report

A recent audit highlights significant problems with Erie charter school, and the progress the school has made in trying to fix those problems. The school district will vote soon on whether to renew the school’s charter. The case also highlights the struggles between traditional public schools and charter schools.

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Wheels turn slowly on Tesla deal in Nevada Legislature

By   /  September 11, 2014  /  Business, Economy, Energy and Environment, Finances, Jobs + Growth, Legislature, Nevada, State Government, State Politics, Taxes, Watchdog Citizen News  /  No Comments

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The first day of the Special Session to consider legislation for the Tesla deal for Northern Nevada contained no votes, but we finally may know all the details.

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Nevada’s debt a ‘sinkhole’ for its taxpayers

By   /  September 5, 2014  /  Budget and Spending, Finances, Nevada, Pensions, State Budgets, Taxes, Watchdog Citizen News  /  No Comments

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According to a report, Nevada has nearly $2.7 billion in debts it does not have the assets to pay, leaving the state an average taxpayer burden of $3,100.

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