This document provides an agenda for a presentation on fiscal management in the public sector in the USA. It includes sections on federal and state government taxation and spending, GDP by US president and states, highest and lowest debt per capita by state, and fiscal management challenges faced by various US cities. It also discusses topics like homelessness, economic growth, poverty rankings, and performance auditing approaches in the public sector.
Fiscal Management| Federal, State and Local Government| USA| October 2020paul young cpa, cga
This document provides an agenda for a presentation on fiscal management in the public sector in the USA. It includes sections on federal and state level taxation, GDP and economic growth trends by president and state, highest and lowest state debt levels, key performance metrics for major cities, homelessness and housing issues, and examples of fiscal management challenges facing states and municipalities like Chicago, Los Angeles, and California cities. It also defines concepts like performance auditing and value for money auditing in the public sector.
Fiscal and Economic Management| State and Local Government| United States paul young cpa, cga
This document provides an agenda for a presentation on fiscal management in the public sector in the USA. It includes sections on federal and state-level taxation and fiscal management, GDP and economic growth trends by president and across major US cities. It also discusses challenges facing key Democratic-led cities like homelessness, rising crime, and budget deficits. The document recommends that governments adopt analytics, undertake program reviews, and transform through performance auditing to improve fiscal management.
All levels of government in the USA are facing challenges due to COVID19. This presentation looks at key areas including what needs to happen as part of transforming government.
Public Finance| Fiscal Management| The United States| State, Local and Federa...paul young cpa, cga
Blog – United States – Fiscal Management – Federal, State and Local Government
1. Taxation – Tax changes - https://news.bloombergtax.com/daily-tax-report/the-tax-policy-and-controversy-outlook-in-2021
2. New infrastructure - https://www.reuters.com/article/us-usa-biden-infrastructure-poll-idUSKBN2BP126
3. Medicaid - https://www.kff.org/medicaid/issue-brief/status-of-state-medicaid-expansion-decisions-interactive-map/
4. State - https://www.pewtrusts.org/en/research-and-analysis/articles/2021/03/31/states-forecast-wide-ranging-effects-on-revenue-since-the-pandemics-start
5. Inflation - https://www.foxbusiness.com/politics/obama-economic-adviser-larry-summers-inflation-biden-stimulus
6. Recession - https://www.cbpp.org/research/economy/tracking-the-post-great-recession-economy
7. Wages - https://www.epi.org/publication/swa-wages-2019/
8. Border crisis - https://www.foxbusiness.com/politics/border-crisis-costing-texas-taxpayers-855m
9. Cost of the new green deal - https://www.industryweek.com/the-economy/article/22027167/manufacturing-advocacy-group-says-green-new-deal-could-cost-consumers-244-billion-in-replacement-costs
10. Housing - https://www.wsj.com/articles/u-s-home-price-growth-accelerated-in-january-11617109259
What is happening with United States Cities and Local Governmentpaul young cpa, cga
This document provides an overview and analysis of state and local government deficits and debt in the United States. It begins with lists of the top 10 and bottom 10 states by per capita debt levels. It then discusses state fiscal management cycles, bond ratings, GDP growth, and poverty rankings. The document also examines the fiscal situations of several major US cities, including Chicago, Minneapolis, San Francisco, Los Angeles, and Seattle. It addresses topics like homelessness, economic development, taxation, auditing practices, and more. The document is intended to serve as a reference on fiscal challenges facing states and municipalities across the country.
This document provides an overview of state and local government deficits, debts, and fiscal management in the United States. It discusses the states with the highest and lowest per capita debt. It also examines the fiscal management cycles of states and bond ratings. Key cities like Chicago, Minneapolis, and Los Angeles are discussed in terms of their budget gaps and financial stresses. The document also touches on topics like homelessness, economic growth, taxation, poverty rankings, and performance auditing.
Fiscal Management| Federal, State and Local Government| USA| October 2020paul young cpa, cga
This document provides an agenda for a presentation on fiscal management in the public sector in the USA. It includes sections on federal and state level taxation, GDP and economic growth trends by president and state, highest and lowest state debt levels, key performance metrics for major cities, homelessness and housing issues, and examples of fiscal management challenges facing states and municipalities like Chicago, Los Angeles, and California cities. It also defines concepts like performance auditing and value for money auditing in the public sector.
Fiscal and Economic Management| State and Local Government| United States paul young cpa, cga
This document provides an agenda for a presentation on fiscal management in the public sector in the USA. It includes sections on federal and state-level taxation and fiscal management, GDP and economic growth trends by president and across major US cities. It also discusses challenges facing key Democratic-led cities like homelessness, rising crime, and budget deficits. The document recommends that governments adopt analytics, undertake program reviews, and transform through performance auditing to improve fiscal management.
All levels of government in the USA are facing challenges due to COVID19. This presentation looks at key areas including what needs to happen as part of transforming government.
Public Finance| Fiscal Management| The United States| State, Local and Federa...paul young cpa, cga
Blog – United States – Fiscal Management – Federal, State and Local Government
1. Taxation – Tax changes - https://news.bloombergtax.com/daily-tax-report/the-tax-policy-and-controversy-outlook-in-2021
2. New infrastructure - https://www.reuters.com/article/us-usa-biden-infrastructure-poll-idUSKBN2BP126
3. Medicaid - https://www.kff.org/medicaid/issue-brief/status-of-state-medicaid-expansion-decisions-interactive-map/
4. State - https://www.pewtrusts.org/en/research-and-analysis/articles/2021/03/31/states-forecast-wide-ranging-effects-on-revenue-since-the-pandemics-start
5. Inflation - https://www.foxbusiness.com/politics/obama-economic-adviser-larry-summers-inflation-biden-stimulus
6. Recession - https://www.cbpp.org/research/economy/tracking-the-post-great-recession-economy
7. Wages - https://www.epi.org/publication/swa-wages-2019/
8. Border crisis - https://www.foxbusiness.com/politics/border-crisis-costing-texas-taxpayers-855m
9. Cost of the new green deal - https://www.industryweek.com/the-economy/article/22027167/manufacturing-advocacy-group-says-green-new-deal-could-cost-consumers-244-billion-in-replacement-costs
10. Housing - https://www.wsj.com/articles/u-s-home-price-growth-accelerated-in-january-11617109259
What is happening with United States Cities and Local Governmentpaul young cpa, cga
This document provides an overview and analysis of state and local government deficits and debt in the United States. It begins with lists of the top 10 and bottom 10 states by per capita debt levels. It then discusses state fiscal management cycles, bond ratings, GDP growth, and poverty rankings. The document also examines the fiscal situations of several major US cities, including Chicago, Minneapolis, San Francisco, Los Angeles, and Seattle. It addresses topics like homelessness, economic development, taxation, auditing practices, and more. The document is intended to serve as a reference on fiscal challenges facing states and municipalities across the country.
This document provides an overview of state and local government deficits, debts, and fiscal management in the United States. It discusses the states with the highest and lowest per capita debt. It also examines the fiscal management cycles of states and bond ratings. Key cities like Chicago, Minneapolis, and Los Angeles are discussed in terms of their budget gaps and financial stresses. The document also touches on topics like homelessness, economic growth, taxation, poverty rankings, and performance auditing.
Policies and Affairs - Indigenous Affairs (First Nations)paul young cpa, cga
This document provides an overview and analysis of issues related to Indigenous affairs in Canada. It discusses several key topics:
1. Funding for Indigenous groups and lack of accountability over how funds are used.
2. Socioeconomic issues facing Indigenous communities such as economic development, resource management, public safety, housing, and access to clean water.
3. Need for more transparency and accountability in funding provided to Indigenous groups, including audits of how funds are spent.
What's going on with the Fiscal Management Cycle - Canada - Trudeau and the L...paul young cpa, cga
This document provides a summary of the fiscal management and budget plans of the major Canadian political parties. It notes that the Liberals plan to run large deficits without a clear plan to balance the budget, while the Conservatives promise to balance the budget within 5 years. The NDP and Greens promise increased spending but do not provide deficit reduction plans. It expresses concerns about rising government debt levels, lack of oversight on COVID-19 spending, and challenges to GDP growth from factors like protectionist policies.
United States| Fiscal Management| Local and Municipal Government| paul young cpa, cga
Many cities were already struggling with many issues before COVID19. COVID19 has put allot of cities into dire straits when it comes to managing both their program spending and tax base along with their debt obligations
MACPA's semi-annual PIU series of Free four hour Professional Issues Updates for members. The Spring 2013 edition revolves around innovation and collaboration. This version covers the latest update from the Maryland General Assembly, Federal legislations, Accounting Standards, Cloud, generations in the workplace, and innovation.
These update hit over 20% of our membership annually reaching 2,000+ CPAs in all segments of our Profession - Public Accounting, CFOs, Controllers, GNFP, and more...
Paul Young is a CPA and subject matter expert in various financial and business fields. He provides an overview of Alberta's fiscal and economic situation. Alberta has no clear plan to balance its budget, and debt servicing costs are close to $2 billion annually. While the government spends on clean technology initiatives, new jobs have primarily been in the public sector, not private. Healthcare spending is high but wait times remain an issue. Education spending is also high but results are solid. Reducing operating expenses and capital spending are prudent moves in a recession. However, poverty rates remain high and the oil sector faces challenges with market access.
Government Policy - Education and Skills Development - Canada - April 2018paul young cpa, cga
Education across Canada have seen improvement in graduation rates.
Education is not being aligned in terms of the jobs today as well as the future
Too many students lack critical thinking, interpersonal skills, time management and judgement
Too many students have been treated as special when in the fact the real world does not treat anyone special
There are systemic issues with programs being offered at the secondary level. There needs to be more emphasis on financial planning, biology, IT, chemistry, writing and physics.
Alberta has no path to balance budget
Alberta’s debt service costs are now close to $2B/year
Alberta using the same failed model as Ontario when incomes to funding clean technology
AB new jobs have been public sector and not private sector.
This document provides an agenda for a presentation on fiscal management in Canada. It includes biographical information about the presenter, Paul Young. The presentation will cover the fiscal management cycle for FY 2019/2020 in Canada and 2020/2021 for the federal government and provinces. It will also discuss topics like the credit downgrade of Canada, the size of the government, GDP growth in provinces, job quality in Canada vs the USA, GDP in Canada, key metrics and comments on GDP, the importance of audits, the Parliamentary Budget Officer and deficit, fiscal management under Paul Martin, recessions in the 1980s, 2009 and failures of "Trudeanomics". The document lists several sources for the information and analysis that will be
This document provides a summary of issues related to retirement and seniors in Canada for the 2019 election by Paul Young CPA, CGA. It discusses various pension plan challenges across Canada, whether people are saving enough for retirement, and seniors' concerns. Key points include: Bill C-27 allowing changes to defined benefit pension plans; declining returns and funding issues for some pension plans; the impact of CPP hikes on businesses; and ensuring programs like GIS adequately help seniors with poverty. Solutions proposed include transitioning government employees and MPs to defined contribution pension plans and limiting future CPP hikes to inflation.
2019 Election| Seniors and Retirement | Canada | July 2019paul young cpa, cga
This presentation looks at the issues facing various pension plans across Canada as well as looks to see if people are saving for retirement
This presentation will also discuss the seniors concerns going into the 2019 election
2019 Election| Who do you just more when it comes to Retirement Planning?paul young cpa, cga
This presentation looks at the issues facing various pension plans across Canada as well as looks to see if people are saving for retirement
This presentation will also discuss the seniors concerns going into the 2019 election
All government program spending needs to go through value for money including changes to the costing model
Too many governments are not getting value for their government services.
Government needs to become lean - https://fcpp.org/2018/10/12/employment-data-shows-canadas-public-sector-getting-fatter/
Canada needs to have competitive tax rates or risk a brain drain - https://www.slideshare.net/paulyoungcga/technology-market-canada-and-the-world-march-2019
Canada needs have govts that support policies that encourage business investment - https://www.slideshare.net/paulyoungcga/business-competitivesness-canada-march-2019
Government Policies and Issues Municipalities and Cities - Canada - January...paul young cpa, cga
There is allot of misconceptions when it comes to municipal government across Canada. This presentation clarifies the responsibilities as well as the issues facing municipal governments across Canada.
It should also be noted previous elections provincial governments were less than truthful when it came to how either the money flows to/from various governments or within various governments.
2019 Election| Retirement| Seniors and CPP| Canada | July 2019paul young cpa, cga
Canadian Seniors
Liberals love to mislead people on what Harper and the CPC did for seniors:
1. Carbon tax hurts so people on fixed income – Carbon tax is regressive tax - https://news.ontario.ca/ene/en/2019/04/ontario-stands-up-for-seniors-by-opposing-the-costly-federal-carbon-tax-1.html
2. OAS needs to be affordable - https://www.theglobeandmail.com/investing/personal-finance/article-how-raising-the-age-for-cpp-and-oas-to-67-would-benefit-the-whole/
3. Seniors and Poverty - https://cpj.ca/poverty-trends-2018/
4. Harper introduced Pension Splitting https://www.moneysense.ca/news/trudeau-harper-clash-over-pensions-and-income-splitting/
5. Harper spent on Elderly benefits - https://globalnews.ca/news/2222185/reality-check-trudeaus-claim-harper-slashes-funding-to-balance-budget-falls-flat/
Who is better at managing CPP?
• @justintrudeau decided to hike CPP rates as part of his feel-good policies. CPP is a tax!
• @Andrewscheer policies will be like Harper that is hold CPP premium growth to inflation
Ontario needs to be restructured on how it delivers program spending when it comes to value for money
There are broken processes like arbitration that pushing additional costs on to municipal, school boards and hospitals - https://www.cfib-fcei.ca/en/media/new-report-broken-arbitration-system-causing-unsustainable-rise-municipal-costs
Neither Wynne nor Horwath would touch the costing model. Both believe in rewarding unions for their support.
Ontario has $15B structural deficit - http://www.auditor.on.ca/en/content/specialreports/specialreports/2018Pre-Election_en.pdf
The document provides a summary of significant personal finance events and trends in 2018. Key events included record low unemployment and rising wages in the US, all-time highs in average car loan payments and identity fraud cases, and the 20th anniversary of Roth IRAs. Research studies highlighted trends like declining retirement savings amounts, increased financial support to adult children, and a shift to unsecured personal loans. The stock market experienced volatility with losses in October.
This document discusses poverty in Canada and policies aimed at reducing it. It provides background on Paul Young and his expertise. It then summarizes the Liberal Party's campaign promise to lift 315,000 Canadians out of poverty through increased benefits. However, other sources suggest the Canada Child Benefit has reduced child poverty by only 75,000, not the 300,000 claimed. The rest of the document outlines different perspectives and policies on poverty from the Liberal and Conservative parties.
People need to review all aspects of the various parties platform including looking at the annual report for government.
There is allot of information that is missing from statements made by various parties. Elections tend to allow parties to mislead the facts.
Policies and Affairs - Indigenous Affairs (First Nations)paul young cpa, cga
This document provides an overview and analysis of issues related to Indigenous affairs in Canada. It discusses several key topics:
1. Funding for Indigenous groups and lack of accountability over how funds are used.
2. Socioeconomic issues facing Indigenous communities such as economic development, resource management, public safety, housing, and access to clean water.
3. Need for more transparency and accountability in funding provided to Indigenous groups, including audits of how funds are spent.
What's going on with the Fiscal Management Cycle - Canada - Trudeau and the L...paul young cpa, cga
This document provides a summary of the fiscal management and budget plans of the major Canadian political parties. It notes that the Liberals plan to run large deficits without a clear plan to balance the budget, while the Conservatives promise to balance the budget within 5 years. The NDP and Greens promise increased spending but do not provide deficit reduction plans. It expresses concerns about rising government debt levels, lack of oversight on COVID-19 spending, and challenges to GDP growth from factors like protectionist policies.
United States| Fiscal Management| Local and Municipal Government| paul young cpa, cga
Many cities were already struggling with many issues before COVID19. COVID19 has put allot of cities into dire straits when it comes to managing both their program spending and tax base along with their debt obligations
MACPA's semi-annual PIU series of Free four hour Professional Issues Updates for members. The Spring 2013 edition revolves around innovation and collaboration. This version covers the latest update from the Maryland General Assembly, Federal legislations, Accounting Standards, Cloud, generations in the workplace, and innovation.
These update hit over 20% of our membership annually reaching 2,000+ CPAs in all segments of our Profession - Public Accounting, CFOs, Controllers, GNFP, and more...
Paul Young is a CPA and subject matter expert in various financial and business fields. He provides an overview of Alberta's fiscal and economic situation. Alberta has no clear plan to balance its budget, and debt servicing costs are close to $2 billion annually. While the government spends on clean technology initiatives, new jobs have primarily been in the public sector, not private. Healthcare spending is high but wait times remain an issue. Education spending is also high but results are solid. Reducing operating expenses and capital spending are prudent moves in a recession. However, poverty rates remain high and the oil sector faces challenges with market access.
Government Policy - Education and Skills Development - Canada - April 2018paul young cpa, cga
Education across Canada have seen improvement in graduation rates.
Education is not being aligned in terms of the jobs today as well as the future
Too many students lack critical thinking, interpersonal skills, time management and judgement
Too many students have been treated as special when in the fact the real world does not treat anyone special
There are systemic issues with programs being offered at the secondary level. There needs to be more emphasis on financial planning, biology, IT, chemistry, writing and physics.
Alberta has no path to balance budget
Alberta’s debt service costs are now close to $2B/year
Alberta using the same failed model as Ontario when incomes to funding clean technology
AB new jobs have been public sector and not private sector.
This document provides an agenda for a presentation on fiscal management in Canada. It includes biographical information about the presenter, Paul Young. The presentation will cover the fiscal management cycle for FY 2019/2020 in Canada and 2020/2021 for the federal government and provinces. It will also discuss topics like the credit downgrade of Canada, the size of the government, GDP growth in provinces, job quality in Canada vs the USA, GDP in Canada, key metrics and comments on GDP, the importance of audits, the Parliamentary Budget Officer and deficit, fiscal management under Paul Martin, recessions in the 1980s, 2009 and failures of "Trudeanomics". The document lists several sources for the information and analysis that will be
This document provides a summary of issues related to retirement and seniors in Canada for the 2019 election by Paul Young CPA, CGA. It discusses various pension plan challenges across Canada, whether people are saving enough for retirement, and seniors' concerns. Key points include: Bill C-27 allowing changes to defined benefit pension plans; declining returns and funding issues for some pension plans; the impact of CPP hikes on businesses; and ensuring programs like GIS adequately help seniors with poverty. Solutions proposed include transitioning government employees and MPs to defined contribution pension plans and limiting future CPP hikes to inflation.
2019 Election| Seniors and Retirement | Canada | July 2019paul young cpa, cga
This presentation looks at the issues facing various pension plans across Canada as well as looks to see if people are saving for retirement
This presentation will also discuss the seniors concerns going into the 2019 election
2019 Election| Who do you just more when it comes to Retirement Planning?paul young cpa, cga
This presentation looks at the issues facing various pension plans across Canada as well as looks to see if people are saving for retirement
This presentation will also discuss the seniors concerns going into the 2019 election
All government program spending needs to go through value for money including changes to the costing model
Too many governments are not getting value for their government services.
Government needs to become lean - https://fcpp.org/2018/10/12/employment-data-shows-canadas-public-sector-getting-fatter/
Canada needs to have competitive tax rates or risk a brain drain - https://www.slideshare.net/paulyoungcga/technology-market-canada-and-the-world-march-2019
Canada needs have govts that support policies that encourage business investment - https://www.slideshare.net/paulyoungcga/business-competitivesness-canada-march-2019
Government Policies and Issues Municipalities and Cities - Canada - January...paul young cpa, cga
There is allot of misconceptions when it comes to municipal government across Canada. This presentation clarifies the responsibilities as well as the issues facing municipal governments across Canada.
It should also be noted previous elections provincial governments were less than truthful when it came to how either the money flows to/from various governments or within various governments.
2019 Election| Retirement| Seniors and CPP| Canada | July 2019paul young cpa, cga
Canadian Seniors
Liberals love to mislead people on what Harper and the CPC did for seniors:
1. Carbon tax hurts so people on fixed income – Carbon tax is regressive tax - https://news.ontario.ca/ene/en/2019/04/ontario-stands-up-for-seniors-by-opposing-the-costly-federal-carbon-tax-1.html
2. OAS needs to be affordable - https://www.theglobeandmail.com/investing/personal-finance/article-how-raising-the-age-for-cpp-and-oas-to-67-would-benefit-the-whole/
3. Seniors and Poverty - https://cpj.ca/poverty-trends-2018/
4. Harper introduced Pension Splitting https://www.moneysense.ca/news/trudeau-harper-clash-over-pensions-and-income-splitting/
5. Harper spent on Elderly benefits - https://globalnews.ca/news/2222185/reality-check-trudeaus-claim-harper-slashes-funding-to-balance-budget-falls-flat/
Who is better at managing CPP?
• @justintrudeau decided to hike CPP rates as part of his feel-good policies. CPP is a tax!
• @Andrewscheer policies will be like Harper that is hold CPP premium growth to inflation
Ontario needs to be restructured on how it delivers program spending when it comes to value for money
There are broken processes like arbitration that pushing additional costs on to municipal, school boards and hospitals - https://www.cfib-fcei.ca/en/media/new-report-broken-arbitration-system-causing-unsustainable-rise-municipal-costs
Neither Wynne nor Horwath would touch the costing model. Both believe in rewarding unions for their support.
Ontario has $15B structural deficit - http://www.auditor.on.ca/en/content/specialreports/specialreports/2018Pre-Election_en.pdf
The document provides a summary of significant personal finance events and trends in 2018. Key events included record low unemployment and rising wages in the US, all-time highs in average car loan payments and identity fraud cases, and the 20th anniversary of Roth IRAs. Research studies highlighted trends like declining retirement savings amounts, increased financial support to adult children, and a shift to unsecured personal loans. The stock market experienced volatility with losses in October.
This document discusses poverty in Canada and policies aimed at reducing it. It provides background on Paul Young and his expertise. It then summarizes the Liberal Party's campaign promise to lift 315,000 Canadians out of poverty through increased benefits. However, other sources suggest the Canada Child Benefit has reduced child poverty by only 75,000, not the 300,000 claimed. The rest of the document outlines different perspectives and policies on poverty from the Liberal and Conservative parties.
People need to review all aspects of the various parties platform including looking at the annual report for government.
There is allot of information that is missing from statements made by various parties. Elections tend to allow parties to mislead the facts.
The document discusses the performance of pension plans globally and in various countries and sectors. It finds that many pension funds, both public and private, are underfunded or facing shortfalls. This could result in less money being paid out to pensioners. Both public and private sectors are moving away from traditional defined benefit plans to defined contribution plans. The worldwide pension crisis poses funding challenges as economic growth has been slower than expected.
Policies and Affairs| Indigenous (First Nations| Analysis and Commentarypaul young cpa, cga
This document provides a summary of issues related to Indigenous affairs in Canada. It discusses issues such as funding for Indigenous groups, socioeconomic challenges, resource management, public safety, and the need for greater accountability and transparency in funding. It also critiques Prime Minister Justin Trudeau's policies and legacy on Indigenous issues, arguing more needs to be done to improve outcomes related to clean water, housing, economic opportunities, and other areas of concern.
This document provides an overview and analysis of key issues facing the United States. It discusses topics such as taxation, the middle class, income inequality, job quality, foreign direct investment, GDP by sector, economic zones, the green economy, infrastructure, education, healthcare, housing, foreign policies, crime and punishment, and the environment. For each topic, it provides sources and links to additional information on recent trends and the approaches of Trump and Biden. The document aims to outline the major economic, social and policy challenges for the US going forward.
This document provides an agenda and discussion points for what's next for the United States. It covers topics such as taxation, the middle class, income inequality, job quality, foreign direct investment, GDP, economic zones, personal consumption, infrastructure, education, healthcare, housing, foreign policy, the budget deficit, and other issues. Background information and sources are provided for each topic to support further analysis and discussion.
This presentation looks at different areas of taxation. More work needs to be done in areas like reforming the tax act, tax treaties, shutting down tax havens, going after the underground economy, and other tax reforms
This document provides a summary of ways to potentially address income inequality by Paul Young CPA CGA. It discusses that income inequality is an issue around the world and in Canada. It suggests that consumption taxes disproportionately impact low to middle income earners. Potential solutions proposed include reforming government compensation, promoting economic growth, redistributing wealth, and funding healthcare, education and social programs. Ensuring a strong middle class through job creation is also recommended.
2019 Election| Poverty and Income Inequality| August 2019paul young cpa, cga
This document provides a summary of Paul Young's views on income inequality and potential policy solutions. It discusses that income inequality is an issue globally and in Canada. Paul argues that consumption taxes disproportionately hurt low to middle income earners. Some of the policies Paul recommends to reduce inequality include reforming government compensation, promoting economic growth, strengthening the middle class through job creation, and ensuring funding for healthcare, education and social programs.
Fiscal Management| Federal, State, and Local Government| The United Statespaul young cpa, cga
The document discusses fiscal management in the United States under the Biden administration. It covers topics like the US fiscal gap, forms of taxation, program spending under Trump and Biden, Biden's first 100 days, the situation at the border, proposed tax policy changes, and reviews of funding programs. It argues that all levels of government need to find ways to protect the environment and grow the economy sustainably while ensuring value for money through performance audits and digital transformation of operations.
This document provides an agenda for discussing the world economy and what's next. It outlines several topics for discussion, including GDP growth, commodities, stock markets, geopolitical risks, unemployment rates, growth areas, COVID-19 deficit spending, debt, infrastructure, the green economy, job quality, trade, ecommerce, housing affordability, and more. For each topic, it lists relevant sources and links to additional slides and analyses on each subject. The conclusion discusses that governments should audit their crisis responses and focus on balancing the economy with other priorities, reforming taxation and organizations, and addressing issues like housing, infrastructure, and geopolitics.
There are more to fixing income inequality than making changes to social programs. There needs to be emphasis on all angles of policies from training/skills development to Economic Development to Tax fairness to cutting regulatory burden/businesses.
This document summarizes United States employment data from various sources for August 2020. It provides an overview of the national unemployment rate, non-farm job growth, state and city level employment rates, trends under the Obama/Biden and Trump administrations. It also discusses factors that may impact future employment, including a potential shift towards goods-producing industries, infrastructure investment, and balancing economic and environmental policies. Contact information is provided for Paul Young CPA CGA to discuss these topics further.
In the past, there have been concerns about debt, especially if interest rates were to rise. Interest rates are still an issue. The bigger issue is cash flow with govt, business, and personal. Sales and wages could see significant shrinkage as part of the COVID19 recovery.
Transforming the Public Sector| The United States| January 2022paul young cpa, cga
Summary
The world continues to head to big government.
More needs to be done to safeguard assets by the public sector.
Audited emergency and crisis management reports should be part of the fiscal management cycle
More money for auditor-generals as part of expanding performance and value for money audits across agencies and GBEs
Compensation and benefit reforms as part of reducing the cost of government
More adoption of the digital model as part of streamlining the government programs as part of better delivery of program spending through value fore money!
1. State and local government - https://www.govtech.com/security/general-hacking-community-tops-state-local-it-security-fears
2. Fiscal outlook - https://www.governing.com/finance/the-outlook-for-public-finance-in-2022-in-6-themes
3. Internal control - https://deloitte.wsj.com/articles/5-trends-influencing-internal-control-strategy-01641332680
4. Geopolitical risks – https://thehill.com/policy/equilibrium-sustainability/589435-climate-crisis-is-greatest-global-risk-in-2022-world
5. Climate mitigation - https://www.hilltimes.com/2022/01/10/dont-look-up-and-how-canada-needs-to-get-to-effective-climate-mitigation/337151
6. Value for money - https://www.hilltimes.com/2022/01/10/dont-look-up-and-how-canada-needs-to-get-to-effective-climate-mitigation/337151
7. Big government - https://www.economist.com/europe/2022/01/08/the-return-of-big-government-sparks-questions-for-europe
8. Privacy - https://openmedia.org/press/item/the-state-of-privacy
9. ESG - https://www.icaew.com/insights/viewpoints-on-the-news/2022/jan-2022/summary-of-public-sector-sustainability-reporting-landscape
10. Urban Planning - https://tomorrow.city/a/over-planning-and-the-risk-of-creating-less-inclusive-cities
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptxpaul young cpa, cga
Canadian retail sales dropped 0.3% in August, the first decline since March, as higher interest rates start to impact household budgets. Seven of the nine retail subsectors saw sales increases in July, led by food and beverage retailers, while motor vehicle and parts dealers saw the largest decrease. Excluding autos, retail sales in July rose 1%, double expectations. The report suggests Canadians are tightening spending as more face higher mortgage payments and gas prices due to Bank of Canada rate hikes aimed at slowing inflation.
Addressing issues with the Public Sector Governance Model.pptxpaul young cpa, cga
The key challenges facing Australian business leaders in 2023 include:
1. Talent acquisition, retention and training staff for digital transformation.
2. Implementing successful digital transformation while managing cyber risks.
3. Adapting to changing regulations and reporting requirements.
Health risks from COVID-19, social reputation concerns, and disruptive emerging technologies are also significant social challenges impacting Australian businesses. Over the next 3-5 years, talent management for digitization, cybersecurity, digital transformation, regulatory changes, and identifying new growth opportunities will be the top challenges according to business leaders.
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
- Canadian manufacturing sales increased 1.6% in July, led by higher sales in food products, petroleum and coal products, and transportation equipment. Paper and plastics sales decreased the most.
- Inventory levels increased slightly while unfilled orders decreased, pointing to a potential slowdown.
- The manufacturing sector in Canada will continue to face challenges such as global economic uncertainty, rising costs, supply chain issues, climate change risks, and skills shortages.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...paul young cpa, cga
The document provides an overview of key metrics and trends in the logistics, warehousing, distribution, and transportation sector. It includes data on consumer price index, diesel fuel costs, freight indexes, e-commerce sales, retail sales, class 8 truck sales, EPA emissions standards, trailer sales, and tonnage. It also discusses supply chain management solutions like planning analytics, blockchain, and AI assistants. Finally, it touches on topics like infrastructure spending, automation, and ESG reporting.
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...paul young cpa, cga
United States retail sales rose 0.6% in August despite flat sales at internet retailers after Amazon Prime Day. Most of the increase was due to higher gasoline prices. While consumer spending has been strong, higher interest rates and a slowdown in hiring are expected to restrain purchases in the coming months. Forecasters predict the 2023 holiday shopping season could be the weakest in five years due to economic challenges facing consumers. The retail sector continues facing inventory management challenges and social governance issues.
How to improve the Governance Model for the Public Sector - United States - S...paul young cpa, cga
This document provides a summary of strategies to improve governance in government. It discusses factors that impact governance like transparency and accountability. It recommends using performance audits to assess key performance indicators and ensure recommendations are implemented. Other strategies include improving data ethics and literacy, mitigating geopolitical risks, adopting ESG reporting, and using technology like audit analytics and AI to enhance governance. The overall goal is for government to deliver programs and tax policies with value for money and transparency.
This document provides an analysis of the agriculture output and equipment sector for August 2023. It includes discussions of commodity prices, crop estimates, energy prices, food prices, farming incomes, top farming states, food processors, and the role of technology and government in farming. Key points covered include rising input costs challenging farmers, preliminary crop estimates for Canada, volatility in oil and diesel prices impacting farm expenses, and opportunities for data and automation to help address issues in the agriculture industry.
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...paul young cpa, cga
This document provides an overview and agenda for a presentation on the biotech, pharmaceutical, and healthcare sector. It includes:
- An introduction and biography of presenter Paul Young CPA CGA
- An agenda covering topics like vaccine production, drug discovery, innovation in areas like storage and AI, and the life sciences strategy
- Links and summaries of information on these topics, including the top vaccine manufacturers, regulations in Canada, and growth in the pharmaceutical market
The presentation aims to discuss key areas of the biotech/pharmaceutical sector including vaccine development and production, drug discovery, innovation, and strategies for the life sciences industry. Links and outside sources are provided to support the topics in the agenda.
Better Public Safety Management using Analytics - September 2023.pptxpaul young cpa, cga
This document discusses using analytics to improve public safety management. It outlines rising public safety costs for governments and key issues facing policing like complex crimes and accountability. The document presents crime rate data for Canada and discusses building machine learning models in SPSS and dashboards in Cognos Analytics to analyze police data and forecast expenses. Finally, it lists potential next steps for crime in Canada like bail and corrections reforms, gun control, and increased police oversight.
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Workforce Planning and Employment Analysis - August 2023.pptxpaul young cpa, cga
The document discusses workforce planning and employment analysis. It provides an overview of employment statistics in the United States, Canada, and Australia. It then discusses Sysco's workforce planning model and the role of the CFO in workforce planning. Finally, it defines autonomous finance as the automation of financial operations through software and algorithms, and provides some key statistics on its adoption.
Global Automotive - Analysis and Commentary - August 2023.pptxpaul young cpa, cga
This presentation provides an overview of key trends in the global automotive sector in August 2023. It discusses 1) sales trends in Canada, the US and globally, 2) the growth of electric vehicles and focus on reducing emissions, and 3) ongoing transformation in the industry through automation, connectivity and new technologies. Sources included discuss topics like electric vehicle production and adoption, public safety issues regarding EV fires, gasoline and car prices, supply chain challenges, and green transitions in transportation.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
What Lessons Can New Investors Learn from Newman Leech’s Success?Newman Leech
Newman Leech's success in the real estate industry is based on key lessons and principles, offering practical advice for new investors and serving as a blueprint for building a successful career.
Discovering Delhi - India's Cultural Capital.pptxcosmo-soil
Delhi, the heartbeat of India, offers a rich blend of history, culture, and modernity. From iconic landmarks like the Red Fort to bustling commercial hubs and vibrant culinary scenes, Delhi's real estate landscape is dynamic and diverse. Discover the essence of India's capital, where tradition meets innovation.
How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...beulahfernandes8
The eLITE RuPay Platinum Credit Card, a strategic collaboration between Poonawalla Fincorp and IndusInd Bank, represents a significant advancement in India's digital financial landscape. Spearheaded by Abhay Bhutada, MD of Poonawalla Fincorp, the card leverages deep customer insights to offer tailored features such as no joining fees, movie ticket offers, and rewards on UPI transactions. IndusInd Bank's solid banking infrastructure and digital integration expertise ensure seamless service delivery in today's fast-paced digital economy. With a focus on meeting the growing demand for digital financial services, the card aims to cater to tech-savvy consumers and differentiate itself through unique features and superior customer service, ultimately poised to make a substantial impact in India's digital financial services space.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
Monthly Market Risk Update: June 2024 [SlideShare]Commonwealth
Markets rallied in May, with all three major U.S. equity indices up for the month, said Sam Millette, director of fixed income, in his latest Market Risk Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Internal Controls
• SME – Financial Planning and Analysis
• SME – Business Strategy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. Agenda
Federal Government / Taxation
Fiscal Management / USA
GDP by President
GDP and the Various States
Fiscal Management / State Level
Highest per capita debt / States
Bottom 10 debt per capita / States
Fiscal Management Cycle / States
GDP Growth
Key Cities
Democratic Mayors
Homelessness
Economic Development
Housing / Taxation
Education
Healthcare
Public Safety
• Poverty Ranking
• Fiscal Management ranking
• Bond Rating / States
• Performance Audits and Operational
Audits
• Portland, Oregon
• Seattle, WA
• Chicago
• San Francisco
• California
• New York State
• Michigan
• Pennsylvania
• Training/Development Courses
8. GDP by President
Source - https://www.thebalance.com/gdp-growth-by-president-highs-lows-averages-4801102
Trump number does not reflect the
COVID19 pandemic
10. States and GDP
Source - https://economics.bmo.com/en/publications/detail/f7fb61e7-1794-4548-b905-
3a327d762477/?keyword=states
11. GDP - USA
Source - https://economics.bmo.com/en/publications/detail/f7fb61e7-1794-4548-b905-
3a327d762477/?keyword=states
12. Fiscal Management / State
Source - https://www.usnews.com/news/best-states/rankings/fiscal-stability
13. USA / State Level
Source - https://www.usa.gov/state-taxes
14. USA / State Spending
Source - http://edr.state.fl.us/Content/local-government/data/revenues-expenditures/stwidefiscal.cfm and
https://www.census.gov/data/tables/2017/econ/state/historical-tables.html
15. Top 10 States – Highest per Capita Debt
Source - https://www.usgovernmentspending.com/compare_state_debt
16. Bottom 10 States – Debt per Capita Debt
Source - https://www.usgovernmentspending.com/compare_state_debt
17. Fiscal Management
Cycle
40 states cannot afford to
pay their bills -
https://www.forbes.com/s
ites/mayrarodriguezvalla
dares/2018/09/24/fortyus
statescannotaffordtopaya
lloftheirbills/#4b8989607
18a
18. Bond Rating / States
Source - https://www.treasurer.ca.gov/ratings/current.asp
19. Local Government
Here is a look at few key cities in the USA:
Chicago finances - https://chicago.suntimes.com/2020/1/28/21095089/chicago-budget-pension-debt-new-study-fiscal-health-ranking-taxes-bond-
rating “Moody’s Investors has already ranked Chicago and Detroit as the U.S. cities least prepared to weather the storm of another recession because
of “extraordinarily high” fixed costs and crushing pension obligations.”
Minneapolis - https://www.southwestjournal.com/news/city-hall/2020/04/city-of-minneapolis-is-in-dire-financial-position/ “Minneapolis is currently
in a “dire financial position,” according to Mayor Jacob Frey, with the city’s external revenue expected to drop this year between 7% and 15% — by
roughly $100 million to $200 million. ” –
Top 20 worse fiscally managed cities - https://www.businessinsider.com/us-cities-most-financially-stressed-housing-market-unemployment
City of San Francisco – Fiscal Cliff - https://www.bloomberg.com/news/articles/2019-12-17/san-francisco-faces-budget-gap-as-6-billion-can-t-meet-
costs
The 2020 budget that Mayor Melvin Carter proposed in August included a levy increase under 5%; in the months since, the city has had 30
homicides, prompting the mayor to propose a supplemental public safety budget that could require more tax dollars. Council members haven’t
gotten details yet but have generally expressed support. ” Source - https://www.startribune.com/minnesota-homeowners-get-an-early-peek-at-
property-tax-bills/565020362/ “
Los Angeles –“Los Angeles Mayor Eric Garcetti's $10.5 billion budget for fiscal 2020-21 painted a bleak picture while acknowledging the
unprecedented harm to the city's economy from measures enacted to contain the coronavirus pandemic. The mayor declared a state of fiscal
emergency in the letter attached to his proposed budget unveiled Monday. The budget followed his State of the City speech, during which he had
announced furloughs affecting 16,000 city employees.” https://www.bondbuyer.com/news/los-angeles-budget-paints-a-bleak-coronavirus-picture “
California cities - “The state budget is flush with a $21 billion surplus. The longest-ever economic expansion in California history has unemployment
at historic lows. But the wealth is not spread evenly among California cities, where some local government budgets are straining with debt and
declining revenue. The California State Auditor’s Office on Thursday unveiled a new online dashboard revealing the fiscal health, or lack thereof, of
471 cities in the Golden State, paying special attention to 18 “high risk” communities. Read more here: https://www.sacbee.com/news/politics-
government/capitol-alert/article236610128.html#storylink=cpy” or https://www.sacbee.com/news/politics-government/capitol-
alert/article236610128.html
20. Homelessness
Homelessness - Seattle
https://www.forbes.com/sites/niallmccarth
y/2020/01/14/the-american-cities-with-
the-highest-homeless-populations-in-
2019-infographic/#344db5c014a9 – Where
is the talk about affordable housing?
All cities need to do better urban planning
-
https://www.slideshare.net/paulyoungcga/
urban-and-rural-planning-whats-next
High property taxes -
https://taxfoundation.org/property-taxes-
per-capita-2019/ or
https://www.usatoday.com/story/money/2
020/01/17/states-with-the-highest-and-
lowest-property-taxes/40974431/
Cost of Living -
https://www.quickenloans.com/blog/15-
most-expensive-cities-in-the-us
21. Economic Growth
Wages and Employment – People want to move where it is more affordable -
https://www.cnbc.com/2019/10/16/biggest-cities-in-us-are-losing-hundreds-of-workers-every-day.html
Best cities to work (many are in the Midwest or Central/Northern California or on the East Coast
(https://fortune.com/2019/01/17/best-cities-to-work-in-2019/
Cities hiring the most tech workers - https://www.usatoday.com/story/money/business/2019/03/25/stem-jobs-15-
cities-hiring-most-high-tech-workers-us/39125247/
Best cities to find employment in 2020 - https://www.cnbc.com/2020/01/10/these-are-the-best-cities-to-find-a-
new-job-in-2020and-the-worst.html
Manufacturing employment (Top 10 States) - https://www.globaltrademag.com/top-10-states-for-manufacturing-
2019/
23. Poverty Ranking by
major USA City
Source -
https://www.indexmundi.co
m/facts/united-states/quick-
facts/cities/rank/percent-of-
people-of-all-ages-in-
poverty
24. Fiscal Management
Source - https://wallethub.com/edu/best-cities-at-money-management/19256/ or https://www.usnews.com/news/cities/articles/2020-01-28/study-many-
us-cities-struggled-with-debt-in-2018 or https://www.truthinaccounting.org/news/detail/2020-financial-state-of-the-cities
25. GDP / City - USA
• Austin has the best GDP growth
• Many cities have strong growth but still face challenges with income inequality, poverty, affordable housing, and
cost of living - Source - https://www.businessinsider.com/us-metro-area-city-best-economy-ranking-2019-8
• Many cities have strong innovation hubs, like San Francisco and Seattle -
https://www.comptia.org/content/research/best-tech-cities-it-jobs
• Top cities for economic development / Blacks
• Atlanta, GA
• Washington, DC
• Austin, TX
• Baltimore, MD
• Raleigh, NC
• Charlotte, NC
• Houston TX
• San Antonio, TX
• Source - https://www.ajc.com/news/the-cities-where-african-americans-are-doing-the-best-
economically/aV6HMTUklKq4Hem3dYXQNK/
26. What is performance-based auditing
Source - https://chapters.theiia.org/vancouver-island/Events/Pages/Performance-Based-
Auditing.aspx
Auditing in the public sector means more than simply determining if controls are in place and regulations are being
followed. Public sector auditing, in many cases, means you will be dealing with varied constituents and often working in a
more public forum.
For new and experienced government and public sector auditors facing these unique challenges, this course will provide
new insight that includes assessing whether or not control frameworks are working to further an organization’s goals and
achievements. By learning to review an organization or department’s objectives and assess the risk to achieving them,
public sector auditors in this program will be able to effectively evaluate the organization and ensure that it is working
toward or maintaining a high level of performance.
Areas of focus:
• Management Issues, Concerns, and Functions
• Control Frameworks
• Risk-based Approach to Performance Auditing
• Value-for-money Approach to Performance Auditing
• Performance Measures
27. Value for Money
Source - https://www.iasplus.com/en-ca/standards/assurance/other-canadian-standards/section-ps-5400-value-for-money-auditing-in-the-
public-sector or https://www.niauditoffice.gov.uk/value-money-audit
An independent evidence-based investigation which examines and reports on whether economy, effectiveness
and efficiency has been achieved in the use of public funds.
Objectives
The primary objectives of value for money (VFM) audit are to:
• provide the Assembly with independent information and advice about how economically, efficiently and
effectively departments, agencies and other central government public bodies have used their resources;
• encourage audited bodies to improve their performance in achieving value for money and implementing
policy; and
• identify good practice and suggest ways in which public services could be improved.
An Organizations seeks to promote better value for money by highlighting and demonstrating to audited
bodies ways in which they could make improvements to realize financial savings or reduce costs; guard against
the risk of fraud, irregularity and impropriety; provide a better quality of service; strengthen and enhance their
management, administrative and organizational processes; and achieve their aims and objectives more cost-
effectively.
28. Can any
organization
undertake
Internal audit
and controls?
All organizations can set up internal control process and/or reporting:
Triggers can be created based on pre-defined measurement and/or control
framework - https://www.investopedia.com/terms/c/continuous-auditing.asp
Performance Measurements can be set up as part of measuring program
outcomes against success criteria. (AI and BI tools can be set up to help with
performance measurements reporting)
External Audit firms can work with organizations to set up control
frameworks, performance measurements, etc.
IT personal/Accounting teams can set up triggers with databases and/or
accounting software by establishing audit reporting (i.e. error reports,
reconciliations reports, security access reports, etc.)
29. Education
AZ hikes top earners taxes https://www.forbes.com/sites/ashleaebeling/2020/11/04/arizona-voters-
approve-massive-tax-hike-on-high-earners-could-your-state-be-next/?sh=34ca357e1f98
Best educational systems - https://worldpopulationreview.com/state-rankings/public-school-rankings-by-
state or https://wallethub.com/edu/e/states-with-the-best-schools/5335
Teachers’ salary - https://worldpopulationreview.com/state-rankings/best-states-for-teachers
USA’s educational systems ranks 11th in the world - https://hechingerreport.org/what-2018-pisa-
international-rankings-tell-us-about-u-s-schools/ or https://ncee.org/what-we-do/center-on-international-
education-benchmarking/top-performing-countries/
USA has solid post-secondary system - https://www.master-and-more.eu/en/top-ten-countries-with-the-
best-education-systems-in-the-world-2020/
30. Healthcare
United States spends the most per capita on healthcare
https://www.commonwealthfund.org/publications/issue-briefs/2020/jan/us-health-care-global-perspective-
2019
USA has low rank on the healthcare index - https://take-profit.org/en/statistics/health-care-index/
Best and Worst Stats for Healthcare- https://www.thestreet.com/personal-finance/best-worst-states-
healthcare or https://www.beckershospitalreview.com/rankings-and-ratings/america-s-health-rankings-how-
all-50-states-fared.html
Medicare for all cost - https://thehill.com/blogs/congress-blog/healthcare/484301-22-studies-agree-
medicare-for-all-saves-money
Here is my look at reforming healthcare - https://www2.slideshare.net/paulyoungcga/how-does-the-world-transform-
healthcare-238832381
31. Public Safety
Violent Crime has gone down over the years - https://www.bbc.com/news/world-us-canada-53525440
Crime and USA - https://www.fbi.gov/news/pressrel/press-releases/fbi-releases-2019-crime-statistics
Here is my work on Public Safety - https://www2.slideshare.net/paulyoungcga/policy-analysis-public-safety-crime-
and-policing-october-2020
32. Portland, Oregon
Local cities - https://www.slideshare.net/paulyoungcga/fiscal-
health-usa-cities-local-government
https://www.opb.org/news/article/portland-city-council-
unanimously-approves-budget/ “”Among these changes were
$50,000 to bolster security for council members” – Council has
private security, why?
City voted to defund police, but up their security support to
council -
https://www.kgw.com/article/news/local/protests/defunding-
portland-police-city-council-budget-15-million-cuts/283-
239c5e3a-cfed-4dce-8775-d2c52a9df9aa
Crime rate - https://www.kgw.com/article/news/portland-is-
oregons-third-most-dangerous-city-report-says/283-
47d57828-1d90-46a2-8aab-a3b0852dd95c
Homelessness - https://www.heritage.org/poverty-and-
inequality/commentary/why-portlands-homeless-problem-
the-worst-the-nation
33. Seattle
Crime on the rise in Seattle - https://mynorthwest.com/1697840/rantz-seattle-crime-dashboard-not-
updated/
Homelessness – Seattle is ranked in the Top 5
https://www.forbes.com/sites/niallmccarthy/2020/01/14/the-american-cities-with-the-highest-homeless-
populations-in-2019-infographic/#16d727af14a9
Seattle an income inequality - https://www.seattletimes.com/seattle-news/seattle-is-so-far-gone-on-
inequality-were-beyond-the-movie-parasite/
34. Chicago
City of Chicago continues to have operating deficits - https://www.civicfed.org/civic-federation/blog/city-
chicago-projected-budget-deficit-increases-8382-million
Chicago has enormous issues with Debt - https://chicago.suntimes.com/2020/1/28/21095089/chicago-
budget-pension-debt-new-study-fiscal-health-ranking-taxes-bond-rating
Crime continues to plague cities like Chicago - https://heyjackass.com/
Homelessness - https://www.usatoday.com/story/money/2019/10/07/48-major-us-cities-struggling-to-
shelter-growing-homeless-population/40242171/
Chicago scores low when it comes to best managed cities in the USA - https://wallethub.com/edu/best-
run-cities/22869/
35. California
Forest management practices - https://www.nextbigfuture.com/2020/09/giant-cloud-of-incompetence-
hangs-over-
california.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2Fadvan
cednano+%28nextbigfuture%29
Shortfall in tax collections - https://www.cbpp.org/research/state-budget-and-tax/states-grappling-with-hit-
to-tax-collections
Fiscal Woes - https://www.sacbee.com/news/politics-government/capitol-alert/article245426340.html
GDP - https://www.sacbee.com/news/business/article245494575.html or
https://www.statista.com/statistics/304869/california-real-gdp-by-industry/
36. San Francisco
Fiscal - https://www.sfchronicle.com/bayarea/article/San-Francisco-projecting-budget-
shortfall-as-high-15169360.php
Unemployment - https://tradingeconomics.com/united-states/unemployment-rate-in-san-
francisco-oakland-hayward-ca-msa-percent-fed-data.html
Economic woes - https://www.bizjournals.com/sanfrancisco/news/2020/08/20/sf-chamber-
taxes-viewpoint.html
37. New York State
New York was running a $6B deficit despite a growing an economy -
https://www.bloomberg.com/news/articles/2019-12-13/cuomo-runs-up-6-1-billion-n-y-deficit-despite-
strong-economy
New York has taxation issue - https://ballotpedia.org/Historical_New_York_budget_and_finance_information
Cumo waste and miss management - https://nypost.com/2020/08/21/audit-finds-cuomos-buffalo-billions-
a-waste-of-tax-money/ or City issues -
https://www.wnypapers.com/news/article/featured/2020/08/14/142817/state-audit-poor-financial-
management-leads-to-financial-woes-in-nt
Medicaid waste - https://www.osc.state.ny.us/press/releases/2020/09/dinapoli-medicaid-audits-find-more-
700-million-unnecessary-costs-and-overpayments
38. Michigan
Michigan has seen return of investment in MFG due to Trump’s policies -
https://www.crainsdetroit.com/other-voices/commentary-we-cant-lose-sight-
importance-economic-development or
https://detroit.cbslocal.com/2020/10/20/gm-announces-big-investments-in-
tennessee-and-michigan-manufacturing-facilities/ or reshoring -
https://www.bloomberg.com/opinion/articles/2020-09-04/manufacturing-jobs-
from-reshoring-will-be-different
39. Pennsylvania
6th largest GDP in USA by State -
https://www.forbes.com/places/pa/?sh=3ec645554fc1
$2B state fiscal shortfall - https://www.witf.org/2020/07/09/by-the-numbers-
covid-19s-big-hit-to-pa-s-economy/ or
https://local21news.com/news/local/pennsylvania-government-finishes-short-of-
revenue-estimate-for-fiscal-year
40. What needs to be done
All levels of governments need to moved forward with digital framework
All local government need to undertake a program by program review -
https://ballotpedia.org/Analysis_of_spending_in_America%27s_largest_cities
All levels of governments need to adopt analytics and data sciences
Audits and Reporting - https://www.slideshare.net/paulyoungcga/internal-audit-and-performance-base-auditing or
https://www.ibm.com/ca-en/products/cognos-analytics
All levels of governments need to have audited risk management reports
All level of governments will need to be transformed - https://www.slideshare.net/paulyoungcga/the-role-of-
operational-and-performancebased-auditing-on-government-and-the-private-sector
Pension funding
Compensation
Review of both discretionary and non-discretionary spending
Annual audits of risk and crisis management plans
41. Training and Development
If you like to learn more
about trade and/or other
subjects as part of your
professional learning and
development then feel free
to review my material on
https://www.udemy.com/
(search Paul Young CPA
CGA)
These subjects address
how to fixed issues with
housing and/or systemic
issues related to economy
including government
policies