Institute for Truth in Accounting

NM is land of enchantment, reliance of federal cash

By   /  March 19, 2014  /  New Mexico, News, Pensions  /  No Comments

LAND OF ENCHANTMENT ... AND DEPENDENCE: A calculation from a Chicago-based accounting group says New Mexico saw the nation's largest 20-year increase in its share of revenue tied to the federal government.

Policymakers in New Mexico have warned of the state’s over-reliance on federal dollars, and a fiscally conservative group hammers that point home.

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NM is the Land of Enchantment — and reliance

By   /  March 18, 2014  /  New Mexico  /  1 Comment

By Rob Nikolewski │ New Mexico Watchdog
SANTA FE — Policymakers in New Mexico have warned of the state’s over-reliance on federal dollars, and a fiscally conservative group hammers that point home.
New Mexico, in fact, finished first in the growth of its share of state revenue tied to the federal government, according to a Chicago-based group.
Between 1992 […]

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Hawaii’s unfunded liabilities loom large

By   /  May 8, 2013  /  Hawaii, News  /  No Comments

Hawaii Senators debate bills during the 2013 legislative session

By Malia Zimmerman | Hawaii Reporter
HONOLULU – Hawaii lawmakers took modest steps to address the state’s record $25-billion in unfunded liabilities during the 2012 and 2013 legislative sessions.
But taxpayer watchdogs are critical that not enough is being done to address looming debts and are concerned that overly generous benefits promised to thousands of public employees […]

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Sequestration not likely to cause the Missouri sky to fall

By   /  February 28, 2013  /  Budget and Spending, Federal Government, Missouri, News, State Budgets, State Government  /  No Comments

HANDS OFF: State lawmakers have introduced a pair of bills that would ban the use of public tax dollars for funding lobbying or litigation against the state and local governments. One of the bills, SB 109, would make doing so a Class C misdemeanor, punishable by up to a month in jail and/or a $500 fine.

Part 7 of 11 in the series The Sequester

By Johnny Kampis | Missouri Watchdog
ST. LOUIS – White House numbers paint a grim picture of sequestration’s effect on Missouri, foretelling job losses, disease-ridden kids and hungry seniors, but a closer budget examination indicates the effects should be less drastic.
The total federal cuts in Missouri this year […]

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Big government on the Big Island in Hawaii

By   /  February 22, 2013  /  Hawaii, News  /  1 Comment

A high angle twilight view of Kapiolani Beach Park and the high-rise hotels along the shoreline of Waikiki, Honolulu, Hawaii.

By Malia Zimmerman | Hawaii Reporter
HONOLULU – Hawaii has more government workers as a percentage of all workers than every state in the union save Alaska, a new poll by Gallup shows.
Nearly three out of every 10 employees – or 27.8 percent of employed adults in Hawaii – work in a federal, state or local […]

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Montana doesn’t have assets to pay all bills, Truth in Accounting says

By   /  June 21, 2012  /  Montana, News  /  No Comments

HELENA – The state has $13.1 billion in assets, but most are not available to meet Montana’s bills, according to a recent report that based its findings on information in state financial and pension data.
Montana taxpayers would have to pay $300 each to make up a shortfall, or so says the Institute for Truth In […]

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