Mary Murphy, manager of state and local fiscal health for the Pew Charitable Trusts, shares her latest research, which found that that only 22 states monitor local fiscal health.
Adam Langley, senior research analyst at the Lincoln Institute of Land Policy, explores a potential role for nonprofit payments in lieu of taxes (PILOTs) in addressing fiscal stress and suggested that localities approach PILOTs in a collaborative way marked by respectful dialogue, careful use of terminology, and justification for PILOT requests.
Experiences from the Working Cities Challenge, including case studies of Lawrence, Massachusetts, which established a school-based hiring initiative and Fitchburg, Massachusetts, which sought to transform a struggling neighborhood with investment and the involvement of Fitchburg State College.
Yolanda Kodrzycki, emeritus director of the New England Public Policy Center, summarizes her research on resurgent cities including the importance of cross-sectoral and regional cooperation.
Nonprofit Financial Management Practices: A 50 Year Compendium Heather L. Carpenter
This document summarizes nonprofit financial management practices over the past 50 years. It analyzes key indicators such as growth, revenue diversification, liquidity, and debt levels among nonprofits of different sizes through decades. During economic downturns like the Great Recession, nonprofits responded by reducing salaries, tapping reserves, laying off staff, and cutting programs while governments increased complexity of reporting and contracting. Overall, mid-sized nonprofits weathered financial challenges best while larger ones took on more debt, and the document recommends increased reserves and consideration of organization size.
The document summarizes information from a presentation on Louisiana's state budget challenges. It notes that Louisiana has high rates of poverty and low incomes compared to other states. The state relies heavily on one-time budget fixes and has underfunded education and health care as a result of budget cuts. The budget has a structural deficit because revenues have not kept up with needs, and the tax system is overly reliant on sales taxes and contains many exemptions that reduce revenues. Reform of tax exemptions and a more balanced revenue approach are needed to address the budget problems.
The survey results show that the economic crisis has moderately or severely affected most grantee organizations. Organizations have seen reductions in overall funding, individual donations, and some donors reneging on pledged funds. Communities have also been moderately or severely affected, with observed effects like increased difficulties for populations and families engaging children in work or reducing meals. Despite challenges, organizations are taking actions like becoming more efficient and expanding impacts with available resources to reduce effects of the crisis.
This document summarizes a presentation about NYC's other post-employment benefits (OPEB) liabilities and potential solutions. NYC has the second largest OPEB liability in the US at over $70 billion, which is only 3.4% funded. The presentation compares NYC to other jurisdictions and finds NYC is unique in fully subsidizing retiree health premiums and Medicare Part B premium reimbursements. It proposes reducing liabilities by increasing retiree premium sharing and reforming funding mechanisms like pre-funding annual liabilities and establishing an investment strategy for the retiree health trust fund.
Adam Langley, senior research analyst at the Lincoln Institute of Land Policy, explores a potential role for nonprofit payments in lieu of taxes (PILOTs) in addressing fiscal stress and suggested that localities approach PILOTs in a collaborative way marked by respectful dialogue, careful use of terminology, and justification for PILOT requests.
Experiences from the Working Cities Challenge, including case studies of Lawrence, Massachusetts, which established a school-based hiring initiative and Fitchburg, Massachusetts, which sought to transform a struggling neighborhood with investment and the involvement of Fitchburg State College.
Yolanda Kodrzycki, emeritus director of the New England Public Policy Center, summarizes her research on resurgent cities including the importance of cross-sectoral and regional cooperation.
Nonprofit Financial Management Practices: A 50 Year Compendium Heather L. Carpenter
This document summarizes nonprofit financial management practices over the past 50 years. It analyzes key indicators such as growth, revenue diversification, liquidity, and debt levels among nonprofits of different sizes through decades. During economic downturns like the Great Recession, nonprofits responded by reducing salaries, tapping reserves, laying off staff, and cutting programs while governments increased complexity of reporting and contracting. Overall, mid-sized nonprofits weathered financial challenges best while larger ones took on more debt, and the document recommends increased reserves and consideration of organization size.
The document summarizes information from a presentation on Louisiana's state budget challenges. It notes that Louisiana has high rates of poverty and low incomes compared to other states. The state relies heavily on one-time budget fixes and has underfunded education and health care as a result of budget cuts. The budget has a structural deficit because revenues have not kept up with needs, and the tax system is overly reliant on sales taxes and contains many exemptions that reduce revenues. Reform of tax exemptions and a more balanced revenue approach are needed to address the budget problems.
The survey results show that the economic crisis has moderately or severely affected most grantee organizations. Organizations have seen reductions in overall funding, individual donations, and some donors reneging on pledged funds. Communities have also been moderately or severely affected, with observed effects like increased difficulties for populations and families engaging children in work or reducing meals. Despite challenges, organizations are taking actions like becoming more efficient and expanding impacts with available resources to reduce effects of the crisis.
This document summarizes a presentation about NYC's other post-employment benefits (OPEB) liabilities and potential solutions. NYC has the second largest OPEB liability in the US at over $70 billion, which is only 3.4% funded. The presentation compares NYC to other jurisdictions and finds NYC is unique in fully subsidizing retiree health premiums and Medicare Part B premium reimbursements. It proposes reducing liabilities by increasing retiree premium sharing and reforming funding mechanisms like pre-funding annual liabilities and establishing an investment strategy for the retiree health trust fund.
The document summarizes comments made by Michael Turnipseed of the Kern County Taxpayers Association during the 2011-2012 Kern County budget hearings. It addresses challenges facing the national and local economy and recommends that the county board of supervisors focus on improving outcomes in education, employment, poverty, crime, and health by prioritizing goals, developing new strategies, and encouraging collaboration between local governments. It also stresses the need for the board to advocate for policies that promote jobs and economic growth.
Childrens Hospices And The Recession 100129Karl Wilding
The document discusses the impact of the recession on the third sector in the UK. It finds that around a quarter of organizations reported significant concerns due to the recession. Charitable giving dipped by 11% in 2008-2009. While many organizations expect no change in income in the short term, perceptions of the medium term are more pessimistic. Cuts to government funding are expected but will not impact all sectors uniformly. Collaboration and reconfiguration appear necessary strategies for many organizations to weather the challenges.
This document discusses measuring gig and independent work at the state and local level. It explores various data sources that can provide information about this sector, including non-employer establishments, non-farm proprietors, self-employed workers, and Schedule C tax filers. The Washington D.C. region is analyzed as a case study, finding that gig work engages 10-15% of the workforce but only generates 3% of income. While this flexible work provides opportunities, it also tends to have less secure income and benefits compared to traditional employment.
Low Income Londoners and Welfare Reform: a data-led investigation into the ca...Policy in Practice
Policy in Practice has embarked on an ambitious project to track changing living standards for almost one million Londoners over the course of two years, on a monthly basis.
This work combines data from 14 London boroughs to track changes across 444,000 low income households made up of 550,000 adults and 350,000 children, representing 27% of the overall population living in the participating boroughs.
Deven Ghelani shared findings from Phase One of the project at IntoWork 2017.
Collaborating on data sharing allows us to:
• Combine data across London in order to benchmark changes, offering a large enough sample to understand niche areas such as self-employment or temporary housing.
• Track households to understand the causal drivers of poverty and prosperity on a systematic basis.
Policy in Practice works with local authorities to show the cumulative impact of tax and benefit changes on individual households, both now and in the future. This project builds on this with a longitudinal data model, simulation engine and visualisation platform to make this information accessible to policymakers and offer a deeper understanding of poverty.
We look forward to welcoming even more local authorities to the project as we progress to Phase two.
To find out more, and to request the full report, please email hello@policyinpractice.co.uk. We look forward to hearing from you.
Presentation by the Center for Local, State and Urban Policy (CLOSUP) for the University of Michigan Wolverine Caucus Forum. Featured speakers: Dr. Debra Horner (Bio), Project Manager; Tom Ivacko (Bio), Program Manager (Invited); Center for Local, State, and Urban Policy (CLOSUP), UM Gerald R. Ford School of Public Policy
This document summarizes the requirements for a Truth in Taxation public hearing held by ISD 51 school district in Foley, Minnesota. It discusses how the school district's budget and tax levy are determined based on state law and student enrollment. It provides details on the general fund, community education fund, food service fund, and debt service fund. The school district's tax levy is increasing by 1.94% for 2011 to fund these budgets and pay for bond debt.
Jed Smith, Managing Director, Quantitative Research
NATIONAL ASSOCIATION OF REALTORS®
North Carolina Real Estate Summit
Cary, North Carolina
July 16, 2013
What It Takes to Sustain High Performance in a Nonprofit Agencypkebel
Presentation by Peter Goldberg at the 2010 RWJF Annual Meeting in St. Paul, MN
Whether experiencing good or bad economic conditions, there are several ways a nonprofit organization should assure it is high performing. This workshop, targeted to senior-level nonprofit professionals, will incorporate timely tactics and information on nonprofit high performance such as how “high tech” will intrude on “high touch,” maintaining elements of organizational capacity and managing talent, and creating a culture of innovation and ethics.
We will focus on establishing strong executive leadership, good governance, and appropriately structured outcomes, while also working to effectively meet organizational capacity issues despite fluctuating funding streams. We will also address the capacity issues that arise from the need to “look around two corners.” Participants will discuss in detail the challenges to maintaining organizational capacity and willingness to innovate, while also developing the intellectual and pragmatic radar to change with the changing times.
Foley Public Schools 2010 Truth in Taxationdvoigt51
This document summarizes the Truth in Taxation report for ISD 51 school district in Foley, Minnesota. It discusses the legal requirements for public hearings on tax levies, the current and proposed budgets for the school district, and plans for an increase in the tax levy of 1.94% to fund the 2011-2012 school year budget. It provides details on state funding formulas, expenditures by fund, and factors that influence changes in property taxes.
Alaska's Fiscal Situation: Where We've Been, Where We're HeadedBrad Keithley
A presentation to the Anchorage Hillside Rotary Club on October 24, 2019, on Alaska's current fiscal situation, how we got here, where we are and the options for where we go from here.
Use of analytics is accelerating, and that means more data-driven decision making and fewer hunches. Evidence-based management complements analytics by adding validated cause-and-effect relationships between policies and effects.
- Paul Gibbons
To sum up: it is wrong always, everywhere, and for anyone, to believe anything upon insufficient evidence.
- William Kingdon Clifford
The mounting national debt is getting harder for Congress to ignore and lawmakers are turning to us for advice. Committee for a Responsible Federal Budget (CRFB) co-chair Mitch Daniels, Campaign to Fix the Debt co-chair Judd Gregg, and Fix the Debt steering committee and CRFB board member Alice Rivlin testified before the Joint Economic Committee of Congress on the national debt on September 8.
T3S briefing about New Government Policytonyosailing
The document summarizes the key announcements from the UK government's budget, including plans to reduce the deficit primarily through public spending cuts. It outlines reductions to local government grants, benefits, and public sector pay. It also describes initiatives to increase voluntary and community participation through programs like National Citizen Service and Local Enterprise Partnerships. Finally, it notes many programs and organizations are under review and further spending cuts are expected with the upcoming Comprehensive Spending Review.
Best practices in local program design for small business survival - Ellen Harpel
The document provides an overview of best practices for designing local small business assistance programs during the COVID-19 pandemic. It discusses the unprecedented economic impacts, with unemployment not seen since the Great Depression. This is the first recession caused by a contraction in the services sector. Local governments are expanding available resources and partnering with other entities to provide relief, such as low-interest loans and grants. Key considerations for program design include connecting assistance to an overall strategy, ensuring an effective process, and establishing good governance practices like performance reporting. Implementation issues include recovering program costs.
Deven Ghelani, Director and founder of Policy in Practice, was invited to speak at the Neath Port Talbot Poverty Symposium on the topic of the impact of welfare reform on personal debt and financial resilience.
In his session Deven talked about the general impact of welfare policies on our living standards and how Neath Port Talbot Council is using their own household level data to identify vulnerability, target support and track change. Deven then shared Policy in Practice's new research on transitioning to Universal Credit.
For further information visit www.policyinpractice.co.uk, call 0330 088 9242 or email hello@policyinpractice.co.uk
This document discusses myths and realities regarding proposed pension reforms in New York. It addresses 8 myths: 1) the reforms are an effort to demonize employees, 2) benefits are meager, 3) contributions are not historically high, 4) the system is not broken, 5) defined contribution plans would be too complicated, 6) employer contributions are minimal, 7) defined contribution plans are too risky, and 8) individuals cannot be trusted to choose plans. The realities provided show that the current system is unsustainable and costs have risen dramatically for taxpayers while contributions from employees have remained stable. Defined contribution plans can provide stability if implemented properly.
Fiscal Austerity & the Federal System (Paul Posner, 2013 ABFM Conf)PublicFinanceTV
"Fiscal Austerity & the Federal System" presentation by Paul Posner, George Mason Unviersity, presented during "Sequestration's Impact on State Budgets" plenary session, 2013 ABFM Annual Conference, October 3, 2013
The document presents a case study of Enterprise Risk Management (ERM) implementation in Northeast County. It outlines the ERM process used, which includes establishing risk types, defining the likelihood and impact of risks, assessing risk intensity using a heat map, surveying managers, and synthesizing results to inform decision-making. The case study provides details on Northeast County's government structure, budgets, and two specific public policy risks around pension investments and accessibility requirements.
The roots of our crisis presentation to the thunderbird school of global mana...Prabhu Guptara
Explores globlal trends to identify the roots of the current crisis, as well as to promote some possible solutions which have the potential to carry the day.
February 2016 - States: How to get past the fiscal crisisFGV Brazil
As states are confronted with rigid spending requirements and falling tax revenues, public services are deteriorating. The federal government allowed states to borrow from BNDES because it was not making mandatory financial transfers to them, so that a number of states are now in danger of outstripping Fiscal Responsibility Law limits.
The Brazilian Economy is one of the oldest publications for expert economic analysis of both the Brazilian and international economies. Through this publication, FGV’s Brazilian Institute of Economics and Finance (FGV/IBRE) compares different periods of the economy, assessing both macroeconomic considerations and scenarios related to finance, administration, marketing, management, insurance, statistics, and price indices.
For more information, and Brazilian economic index results, visit: http://bit.ly/1EA1Loz
11.[1 12]challenges of managing local government finance in nigeriaAlexander Decker
This document summarizes the challenges of managing local government finances in Nigeria. It discusses how local governments have limited financial autonomy and revenue sources due to dependence on state and federal allocations. This is exacerbated by issues like lack of transparency, undue interference by state governments, and corruption. The document traces the history of local governments in Nigeria and reforms like the 1976 reforms. It analyzes the objectives of fiscal federalism and revenue allocation in Nigeria. The document recommends granting local governments full financial autonomy and removing joint state-local government accounts to improve their ability to provide services.
The document summarizes comments made by Michael Turnipseed of the Kern County Taxpayers Association during the 2011-2012 Kern County budget hearings. It addresses challenges facing the national and local economy and recommends that the county board of supervisors focus on improving outcomes in education, employment, poverty, crime, and health by prioritizing goals, developing new strategies, and encouraging collaboration between local governments. It also stresses the need for the board to advocate for policies that promote jobs and economic growth.
Childrens Hospices And The Recession 100129Karl Wilding
The document discusses the impact of the recession on the third sector in the UK. It finds that around a quarter of organizations reported significant concerns due to the recession. Charitable giving dipped by 11% in 2008-2009. While many organizations expect no change in income in the short term, perceptions of the medium term are more pessimistic. Cuts to government funding are expected but will not impact all sectors uniformly. Collaboration and reconfiguration appear necessary strategies for many organizations to weather the challenges.
This document discusses measuring gig and independent work at the state and local level. It explores various data sources that can provide information about this sector, including non-employer establishments, non-farm proprietors, self-employed workers, and Schedule C tax filers. The Washington D.C. region is analyzed as a case study, finding that gig work engages 10-15% of the workforce but only generates 3% of income. While this flexible work provides opportunities, it also tends to have less secure income and benefits compared to traditional employment.
Low Income Londoners and Welfare Reform: a data-led investigation into the ca...Policy in Practice
Policy in Practice has embarked on an ambitious project to track changing living standards for almost one million Londoners over the course of two years, on a monthly basis.
This work combines data from 14 London boroughs to track changes across 444,000 low income households made up of 550,000 adults and 350,000 children, representing 27% of the overall population living in the participating boroughs.
Deven Ghelani shared findings from Phase One of the project at IntoWork 2017.
Collaborating on data sharing allows us to:
• Combine data across London in order to benchmark changes, offering a large enough sample to understand niche areas such as self-employment or temporary housing.
• Track households to understand the causal drivers of poverty and prosperity on a systematic basis.
Policy in Practice works with local authorities to show the cumulative impact of tax and benefit changes on individual households, both now and in the future. This project builds on this with a longitudinal data model, simulation engine and visualisation platform to make this information accessible to policymakers and offer a deeper understanding of poverty.
We look forward to welcoming even more local authorities to the project as we progress to Phase two.
To find out more, and to request the full report, please email hello@policyinpractice.co.uk. We look forward to hearing from you.
Presentation by the Center for Local, State and Urban Policy (CLOSUP) for the University of Michigan Wolverine Caucus Forum. Featured speakers: Dr. Debra Horner (Bio), Project Manager; Tom Ivacko (Bio), Program Manager (Invited); Center for Local, State, and Urban Policy (CLOSUP), UM Gerald R. Ford School of Public Policy
This document summarizes the requirements for a Truth in Taxation public hearing held by ISD 51 school district in Foley, Minnesota. It discusses how the school district's budget and tax levy are determined based on state law and student enrollment. It provides details on the general fund, community education fund, food service fund, and debt service fund. The school district's tax levy is increasing by 1.94% for 2011 to fund these budgets and pay for bond debt.
Jed Smith, Managing Director, Quantitative Research
NATIONAL ASSOCIATION OF REALTORS®
North Carolina Real Estate Summit
Cary, North Carolina
July 16, 2013
What It Takes to Sustain High Performance in a Nonprofit Agencypkebel
Presentation by Peter Goldberg at the 2010 RWJF Annual Meeting in St. Paul, MN
Whether experiencing good or bad economic conditions, there are several ways a nonprofit organization should assure it is high performing. This workshop, targeted to senior-level nonprofit professionals, will incorporate timely tactics and information on nonprofit high performance such as how “high tech” will intrude on “high touch,” maintaining elements of organizational capacity and managing talent, and creating a culture of innovation and ethics.
We will focus on establishing strong executive leadership, good governance, and appropriately structured outcomes, while also working to effectively meet organizational capacity issues despite fluctuating funding streams. We will also address the capacity issues that arise from the need to “look around two corners.” Participants will discuss in detail the challenges to maintaining organizational capacity and willingness to innovate, while also developing the intellectual and pragmatic radar to change with the changing times.
Foley Public Schools 2010 Truth in Taxationdvoigt51
This document summarizes the Truth in Taxation report for ISD 51 school district in Foley, Minnesota. It discusses the legal requirements for public hearings on tax levies, the current and proposed budgets for the school district, and plans for an increase in the tax levy of 1.94% to fund the 2011-2012 school year budget. It provides details on state funding formulas, expenditures by fund, and factors that influence changes in property taxes.
Alaska's Fiscal Situation: Where We've Been, Where We're HeadedBrad Keithley
A presentation to the Anchorage Hillside Rotary Club on October 24, 2019, on Alaska's current fiscal situation, how we got here, where we are and the options for where we go from here.
Use of analytics is accelerating, and that means more data-driven decision making and fewer hunches. Evidence-based management complements analytics by adding validated cause-and-effect relationships between policies and effects.
- Paul Gibbons
To sum up: it is wrong always, everywhere, and for anyone, to believe anything upon insufficient evidence.
- William Kingdon Clifford
The mounting national debt is getting harder for Congress to ignore and lawmakers are turning to us for advice. Committee for a Responsible Federal Budget (CRFB) co-chair Mitch Daniels, Campaign to Fix the Debt co-chair Judd Gregg, and Fix the Debt steering committee and CRFB board member Alice Rivlin testified before the Joint Economic Committee of Congress on the national debt on September 8.
T3S briefing about New Government Policytonyosailing
The document summarizes the key announcements from the UK government's budget, including plans to reduce the deficit primarily through public spending cuts. It outlines reductions to local government grants, benefits, and public sector pay. It also describes initiatives to increase voluntary and community participation through programs like National Citizen Service and Local Enterprise Partnerships. Finally, it notes many programs and organizations are under review and further spending cuts are expected with the upcoming Comprehensive Spending Review.
Best practices in local program design for small business survival - Ellen Harpel
The document provides an overview of best practices for designing local small business assistance programs during the COVID-19 pandemic. It discusses the unprecedented economic impacts, with unemployment not seen since the Great Depression. This is the first recession caused by a contraction in the services sector. Local governments are expanding available resources and partnering with other entities to provide relief, such as low-interest loans and grants. Key considerations for program design include connecting assistance to an overall strategy, ensuring an effective process, and establishing good governance practices like performance reporting. Implementation issues include recovering program costs.
Deven Ghelani, Director and founder of Policy in Practice, was invited to speak at the Neath Port Talbot Poverty Symposium on the topic of the impact of welfare reform on personal debt and financial resilience.
In his session Deven talked about the general impact of welfare policies on our living standards and how Neath Port Talbot Council is using their own household level data to identify vulnerability, target support and track change. Deven then shared Policy in Practice's new research on transitioning to Universal Credit.
For further information visit www.policyinpractice.co.uk, call 0330 088 9242 or email hello@policyinpractice.co.uk
This document discusses myths and realities regarding proposed pension reforms in New York. It addresses 8 myths: 1) the reforms are an effort to demonize employees, 2) benefits are meager, 3) contributions are not historically high, 4) the system is not broken, 5) defined contribution plans would be too complicated, 6) employer contributions are minimal, 7) defined contribution plans are too risky, and 8) individuals cannot be trusted to choose plans. The realities provided show that the current system is unsustainable and costs have risen dramatically for taxpayers while contributions from employees have remained stable. Defined contribution plans can provide stability if implemented properly.
Fiscal Austerity & the Federal System (Paul Posner, 2013 ABFM Conf)PublicFinanceTV
"Fiscal Austerity & the Federal System" presentation by Paul Posner, George Mason Unviersity, presented during "Sequestration's Impact on State Budgets" plenary session, 2013 ABFM Annual Conference, October 3, 2013
The document presents a case study of Enterprise Risk Management (ERM) implementation in Northeast County. It outlines the ERM process used, which includes establishing risk types, defining the likelihood and impact of risks, assessing risk intensity using a heat map, surveying managers, and synthesizing results to inform decision-making. The case study provides details on Northeast County's government structure, budgets, and two specific public policy risks around pension investments and accessibility requirements.
The roots of our crisis presentation to the thunderbird school of global mana...Prabhu Guptara
Explores globlal trends to identify the roots of the current crisis, as well as to promote some possible solutions which have the potential to carry the day.
February 2016 - States: How to get past the fiscal crisisFGV Brazil
As states are confronted with rigid spending requirements and falling tax revenues, public services are deteriorating. The federal government allowed states to borrow from BNDES because it was not making mandatory financial transfers to them, so that a number of states are now in danger of outstripping Fiscal Responsibility Law limits.
The Brazilian Economy is one of the oldest publications for expert economic analysis of both the Brazilian and international economies. Through this publication, FGV’s Brazilian Institute of Economics and Finance (FGV/IBRE) compares different periods of the economy, assessing both macroeconomic considerations and scenarios related to finance, administration, marketing, management, insurance, statistics, and price indices.
For more information, and Brazilian economic index results, visit: http://bit.ly/1EA1Loz
11.[1 12]challenges of managing local government finance in nigeriaAlexander Decker
This document summarizes the challenges of managing local government finances in Nigeria. It discusses how local governments have limited financial autonomy and revenue sources due to dependence on state and federal allocations. This is exacerbated by issues like lack of transparency, undue interference by state governments, and corruption. The document traces the history of local governments in Nigeria and reforms like the 1976 reforms. It analyzes the objectives of fiscal federalism and revenue allocation in Nigeria. The document recommends granting local governments full financial autonomy and removing joint state-local government accounts to improve their ability to provide services.
The document compares public expenditure management (PEM) reforms in New Zealand and Australia. Both countries introduced reforms to improve aggregate fiscal discipline, allocation efficiency, and operational efficiency. New Zealand's reforms included establishing state-owned enterprises, abolishing permanent public sector tenure, enhancing transparency through the Public Finance Act, and the Fiscal Responsibility Act. Australia introduced a medium-term expenditure framework focusing on forward estimates, macroeconomic planning, and portfolio budgeting. Key similarities in the PEM reforms of both countries include increased transparency, devolution, contestability, and commitment to fiscal discipline.
The document discusses the power of local government units in the Philippines to create sources of revenue and levy taxes according to the 1987 Constitution and 1991 Local Government Code. It outlines that provinces, cities, municipalities, and barangays each have the power to tax and generate their own revenue. It also summarizes the fundamental principles that govern local government financial affairs, including that funds must only be spent for public purposes, revenue collection must be authorized by law, and fiscal responsibility is shared by local government authorities.
The document summarizes the local government system of Pakistan. It defines local government and describes its different levels including union government, tehsil government, and district government. It outlines the history of local government in Pakistan from pre-independence to the current system. It discusses the advantages and disadvantages of local government and the roles, functions, and financial autonomy of local governments. It also examines some problems faced by local governments in Pakistan and provides suggestions for improving the system.
The document discusses various aspects of financial management including its definition, scope, traditional and modern approaches, functions, objectives, and sources of finance. Specifically, it defines financial management as dealing with planning and controlling a firm's financial resources. It also discusses the functions of investment, financing, and dividend decisions and how financial management aims to maximize profit and shareholder wealth.
The document summarizes Troxler Models 3430 and 3440 nuclear moisture density gauges. The 3430 is a simple gauge for basic users while the 3440 adds more features. Both gauges measure moisture content and density in soils, aggregates, concrete and asphalt in either backscatter or direct transmission mode. The gauges meet ASTM standards and include customizable options and an 18 month warranty.
Edward Espinoza documented his field trips to various geological sites in California. He observed Mormon Rocks formed by the San Andreas Fault, the granular sedimentary structure of the rocks. He also observed Cinder Hill volcano, lava flows, fossilized waterfalls, native artifacts, and more. The field trips covered Mt. Whitney, Mono Lake, Convict Lake, hot springs, and the Eastern California Museum containing historical exhibits.
Este documento define la historia como la ciencia que estudia el pasado de la humanidad utilizando métodos de las ciencias sociales. También se refiere al pasado mismo como "historia", e incluso habla de una "historia natural" anterior a la presencia humana. Finalmente, explica que el término "historia" puede referirse al cambio a través del tiempo, en contraste con el concepto de filosofía que se refiere a la esencia o permanencia.
West Broad Hyundai is a car dealership located in Richmond, Virginia that sells new and used Hyundai vehicles. They have been in business for over 20 years and offer a wide selection of popular Hyundai models as well as certified pre-owned cars and trucks. Customers can get information online or visit the dealership located at 123 Main St to test drive vehicles, get service, or discuss financing options.
This is a spiritual exercise that will help you expand your understanding in interpreting visions, dreams and word pictures. This exercise is best done with a small group but can be done alone. The overall goal is to know our own hearts and minds, to increase in humility and Christlikeness.
This document discusses the role of medical libraries and health resources centers in assisting with cancer research and providing health information to cancer patients. It notes that over 163,000 new cancer cases are estimated in California alone for 2011. Medical libraries are committed to helping health professionals and researchers with clinical studies that could save lives by providing valuable research information. They also aim to facilitate cancer patients' ability to learn about their specific type of cancer in a way they can understand.
Learn about IBM System x3650 M4. The x3650 M4 is an outstanding 2U two-socket business-critical server, offering improved performance and pay-as-you grow flexibility along with new features that improve server management capability. For more information on System x, visit http://ibm.co/Q7m3iQ.
http://www.scribd.com/doc/210741926/IBM-System-x3650-M4
This document provides an overview of compensation and benefits for employees, including salaries determined by experience levels and additional duties, health insurance, paid time off for holidays and other reasons, and working conditions such as school calendars, daily schedules, and responsibilities. Fringe benefits cover health, dental, and life insurance, as well as retirement plans, while leave provisions include paid holidays, sick days, and different types of unpaid leave for various personal or professional reasons.
Pensions in Peril: How Municipalities Are Defusing This Fiscal Time BombMercatus Center
This document summarizes the state of pension reform in Rhode Island, Pennsylvania, and California at the state and municipal levels. It finds that all three states have large unfunded pension liabilities, especially when measured on a market value basis rather than using government assumptions. Rhode Island has enacted some reforms but municipalities still face funding gaps. Pennsylvania has over 3,200 underfunded municipal plans and some cities like Scranton are facing bankruptcy. California cities like San Bernardino have also failed to make pension payments. Comprehensive reform is urgently needed to avoid crowding out other spending with rising pension costs.
The Benefits of a Public Bank for New York State; the Derivatives explosion (nominal value of $1.2 quadrillion); The joint FDIC-Bank of England Proposal to forcibly swap deposits (incl. state deposits) for equity in a failing bank; The Public Banking model based on the Bank of North Dakota; The specific state bill for New York state; What the Fed can and can't (or won't) do to save municipalities
This document provides an overview and summary of municipal fiscal crises in California. It discusses the large unfunded pension liabilities faced by state and local governments, guidance for elected officials on proactively addressing fiscal issues, the purpose and advantages of declaring a fiscal emergency or filing for Chapter 9 bankruptcy protection. It also introduces the presenters, who are legal and financial experts on municipal restructuring.
2.27.13 municipalities in crisis presentationExpert Webcast
This document provides an overview of municipal fiscal crises in California and options for municipalities short of declaring bankruptcy. It discusses the large unfunded pension liabilities faced by California municipalities, guidance for elected officials on maintaining flexibility and avoiding crisis, the purpose and advantages of declaring a fiscal emergency or filing for Chapter 9 bankruptcy protection, and an overview of AB 506 which establishes mediation requirements prior to filing for Chapter 9. Presenters include lawyers who specialize in municipal bankruptcy and a crisis manager/accountant.
The document summarizes a presentation on options for California cities facing fiscal crisis short of declaring bankruptcy. It provides background on the current fiscal situations facing California and the federal government. It offers guidance for elected officials on maintaining flexibility and avoiding crisis. It discusses the purpose and power of Chapter 9 bankruptcy, including precedents from Stockton and San Bernardino's filings. The document aims to help cities explore all alternatives before resorting to bankruptcy.
1) New York state has faced chronic budget deficits for decades due to ongoing spending exceeding recurring revenues. This structural imbalance requires multi-year solutions but past budgets have relied on one-time fixes that push the problem into future years.
2) When the 2010-2011 fiscal year began, New York faced a projected $9.2 billion budget gap that grew to over $28 billion in the following years. The enacted budget claimed to be balanced but relied on opaque transfers from other funds and delaying payments.
3) Independent analyses found that closing the large gaps would require unprecedented tax increases, spending cuts to major programs, or a combination of both. However, New York has historically avoided difficult choices through short-term
This document provides guidance on cash flow planning and debt management. It recommends maintaining 3 to 6 months of emergency expenses in liquid accounts. It also suggests keeping monthly housing costs below 28% of gross income, total monthly payments below 36% of gross income, and total consumer debt below 20% of net income. Additionally, it notes that a cash flow analysis provides an in-depth look at current and projected income and expenses to help prioritize and fund financial goals.
This document summarizes the findings of research into Rhode Island's public debt management practices. It identifies four main findings: 1) numerous entities issue debt with weak oversight; 2) a lack of professional debt management staff; 3) underutilization of the Public Finance Management Board; and 4) over-reliance on external consultants. It then provides recommendations to address these findings, including establishing an Office of Debt Management, strengthening PFMB oversight of quasi-public debt, ensuring independence of financial advice, and improving research and reporting. The document concludes systemic reform is needed to solve Rhode Island's debt management challenges.
Giellis: Coronavirus shutdown offers
opportunity to rethink Denver’s
priorities
Plans for airport, convention center, National Western complex
should change
By JAMIE GIELLIS | Guest Commentary
April 25, 2020 at 6:59 a.m.
I have been spending my days listening, working closely with friends, neighbors
and elected leaders all sobered by this challenging moment and what lies ahead.
This pandemic has shaken us, shedding light on the fractures in our society.
It has also, however, revealed our common good. Our community has united to
lighten the load of those hit hardest in so many ways. I myself have spent my days
sewing — part of an army of people across the city making masks for our front-
line workers and others in need. Each stitch represents hope, and I believe we
have every reason to hope that something good will come out of these long,
challenging days.
Ensuring that happens means our city leaders must seize the opportunities for
change this crisis has presented. Reverend Martin Luther King, Jr. once said that
we live in an “inescapable network of mutuality” and this pandemic has laid that
bare. Nobody is untouched by its impacts, and light has been shed on the
economic vulnerability of so many. Old recession playbooks won’t work to pull us
all out of this together. Instead, investing in programs that help us rebuild a
sustainable and resilient economy must be our approach going forward. Housing,
jobs, small businesses, food security, health care and equity are core to that.
As we all individually adjust to new realities, we must ask our leadership to do the
same. The city of Denver faces a dire financial future – $180 million in lost tax
revenue already with bigger losses to come. Tough decisions will need to be made
about projects to keep or cut. It is time to step back and hit the reset button on
our priorities. If we carry on as before ignoring the deep fissures in our system,
we will only perpetuate this crisis. Our city’s leaders must focus on rebuilding with
resiliency – lifting up and creating a safety net for those this pandemic has
impacted most – our small businesses and workers, our community of individuals
experiencing homelessness, our elderly community, our kids. The pandemic has
forced Denver to act on issues that have long challenged all of these groups; our
legacy coming out of it should not be temporary interventions, but permanent
changes.
A critical component to this is pivoting away from big physical infrastructure
projects that are no longer relevant, freeing up resources to focus on the
wellbeing of the people of this city. This means:
• Substantially paring back the renovation of Denver International Airport to focus
only on the necessary. We’ve already lost hundreds of millions of dollars to
mismanagement; as airlines and concessionaires face extraordinary losses of their
own, this is not the time to add more cost burden.
• Halting the expansion of the Colora ...
Gary Trennepohl presents "Financial Markets in 2014: Story Projects" during the Reynolds Center for Business Journalism's annual Business Journalism Week, Jan. 5, 2014. Trennepohl is the ONEOK Chair of Finance at Oklahoma State University.
The annual event features two concurrent seminars, Business Journalism Professors and Strictly Financials for journalists.
For more information about business journalism training, please visit http://businessjournalism.org.
How data can help identify people at risk of homelessnessPolicy in Practice
This document summarizes how data can be used to identify people at risk of homelessness. It presents case studies of five local councils - Croydon, Luton, Barking and Dagenham, Royal Borough of Greenwich, and Guinness Group - that have used household data to target vulnerable people for support. The case studies show how the councils analyzed financial and benefits data to identify at-risk households, engaged with them proactively, and tracked the impact of interventions, with outcomes like increased incomes, fewer arrears and homeless applications, and lower use of food banks. The document argues that data-driven approaches can help councils meet new homelessness prevention responsibilities and design services focused on early intervention.
Working Characterising Central Local Government Relationships Since 9730088
This document summarizes central-local government relations in the UK since 1997. It analyzes the relationship through different frameworks and provides examples from both before and after 1997. Some key points include:
- Relations were ideologically divisive before 1997 but became more harmonious under Labour governments.
- Significant reforms centralized power to central government pre-1997 but post-1997 saw attempts to increase local discretion and accountability.
- Area Based Grants consolidated over £4.8 billion in specific grants to give local authorities more flexibility in spending.
- Local Area Agreements set local priorities and targets but their effectiveness is debated.
- Ongoing challenges include balancing priorities, clarifying powers, and building democratic legitimacy locally.
Business leaders looking for places to locate or expand operations often consider the stability of government financial operations as a key factor in their site selection decisions.
When current levels of taxation and service provision are not sustainable, it creates uncertainty about the location’s long-term viability as a place to invest, live or work.
Michigan has a history of being more fiscally unstable than the average state, due to a traditionally heavier reliance on manufacturing. Michigan has had a tendency to out-perform the nation during economic recoveries and under-perform during periods of recession. These trends result in tax revenues that vary widely from year to year, making budget and economic planning a challenge for state and local officials. In addition, stagnant population growth and an aging population have increased taxpayer demand on public services.
The nearly decade-long recession Michigan experienced in the 2000’s placed significant pressure on the people of Michigan and left many local units of government in fiscal distress. State leaders responded by passing the Local Financial Stability and Choice Act (Public Act 436 of 2012) to address the growing number of local governments and school districts with unusually high levels of economic hardship. The City of Detroit filed for bankruptcy in 2013, and Michigan has had four school districts cease operations due to fiscal insolvency (Highland Park, Buena Vista, Inkster, and Muskegon Heights). Moreover, Detroit Public Schools recently came very close to insolvency.
The purpose of the meeting is to build a united front among business and development groups from every region of the State in order to promote state policies and programs that foster economic growth and fiscal responsibility.
Summary presented by the Citizens Budget Commission
Michael Lawson, a researcher for the George Mason University Fiscal Sustainability Project, provides a fiscal comparison of Baltimore and San Bernardino
This document discusses options for addressing budget shortfalls faced by state and local governments. It argues that creating public banks owned by states is a viable alternative to cutting services, raising taxes, or relying on borrowing. The Bank of North Dakota is presented as a successful model, having maintained strong credit ratings and returned profits to the state treasury for over 20 years. Establishing public banks could allow states to leverage their existing liquid assets to generate loans and income, similarly to how private banks operate, in order to stabilize revenues without federal assistance or taking on high interest debt.
The document summarizes an empirical study that uses a synthetic control method to analyze the effect of supermajority requirements for tax increases in California after the passage of Proposition 13 in 1978. It constructs a synthetic control unit for California from potential control states without supermajority requirements to estimate what California's tax rates would have been without the requirement. The study finds that from 1979 to 2008, California's non-property tax rates were 0.73 percentage points lower than what its synthetic control predicts they would have been without the supermajority requirement. The effect was larger initially but deteriorated over time. Placebo tests support the credibility of these estimates.
The document discusses Policy in Practice's work on analyzing and managing local and central government debt through the Reimagine Debt pilot program. The program aims to consolidate household-level debt data to offer holistic debt guidance. Initial pilots in Newcastle and Barking manually pooled debt data on 39 families. The program is now looking to scale up this approach by using analytics on pooled household datasets to identify vulnerable families, engage them proactively, and track outcomes over time. The outcomes of the Barking pilot found that average arrears fell by £1,100 across 21 households tracked over 18 months, reducing total rent and council tax arrears by £17,600 and £5,500 respectively.
A local government fiscal crisis occurs when there is reasonable concern over a government's ability to pay its bills on time and its revenues and expenditures are consistently imbalanced. States can respond by reviewing audits, approving bonds, withholding funds, or taking over financial operations. Early warning signs include an inability to adopt budgets on time, expenditure increases outpacing revenue growth, and long-term liabilities growing faster than inflation. Understanding common factors among distressed cities allows for earlier detection and prevention of full-blown financial emergencies.
Similar to Fiscal Distress in Local Governments: Opportunities for State/Local Partnership (20)
Lourdes Germán Director of International & Institute-Wide Initiatives at the Lincoln Institute of Land Policy, shares examples of land value capture, a policy approach by which communities recover and reinvest the land value generated by public investment and other government action.
This document discusses alternatives to property tax incentives for businesses. It outlines some of the pitfalls of using property tax incentives, such as granting incentives when they do not affect location decisions or when the costs exceed the benefits. It then presents some alternatives, such as lowering overall tax rates, cooperating across municipalities rather than competing for businesses, and focusing on making the regulatory environment more business-friendly without emphasizing tax breaks. Specific examples of places that have used these alternative strategies are also provided.
Adam Langley of the Lincoln Institute of Land Policy surveys the landscape payments in lieu of taxes (PILOTs), payments made voluntarily by tax-exempt nonprofits as a substitute for property taxes, in New England.
Catherine Collins, associate director and senior research associate of the George Washington Institute of Public Policy, discusses property tax issues including tax base erosion and green property tax incentives.
Susanne Greschner, chief of the Rhode Island Department of Revenue Division of Municipal Finance, describes her state’s Fiscal Stability Act and innovative fiscal transparency portal.
Robert Triest, vice president and director of the New England Public Policy Center, compares the economies of the New England states, reporting that Massachusetts had the region’s most robust increase in state revenue and healthiest employment growth since the Great Recession.
Cities around the world are facing a crisis of investment. An integral part of solving this challenge requires building local government capacities and providing practitioners, academics, and advisors who work with cities with leading strategies that have the potential to advance infrastructure investment in ways that contribute to sound municipal fiscal systems. This presentation was originally delivered as a webinar on November 9, 2016 as part of a series of webinars on Municipal Fiscal Health. The webinar featured Dr. Julie Kim, a global infrastructure finance expert at Stanford University's Global Projects Center with over 30 years of public-private partnerships and infrastructure consulting experience in the U.S. and Asia; and Nicole DuPuis from the the National League of Cities, the nation's leading advocacy organization devoted to strengthening and promoting cities as centers of opportunity, leadership and governance.
This document discusses the importance of managing technology risks for municipal governments. It identifies six categories of technology risk: cybersecurity, financial, operational, legal, reputational, and societal. Cybersecurity risks like data breaches and network intrusions are discussed in depth. The document emphasizes that developing technological proficiency requires strong governance, planning, cyber hygiene practices, and technical competency. It provides a five-stage model for assessing an organization's maturity in managing technology risks and recommends that all organizations start prioritizing technological proficiency.
Richard England, visiting fellow at the Lincoln Institute, argues that the preferential tax assessment of rural land isn’t as effective for encouraging small farms as its enactors had hoped, and that reform is necessary to prevent misuse of this policy tool.
The document discusses Boston's reliance on property taxes for revenue and its fiscal challenges arising from a large portion of properties being tax exempt. It summarizes four initiatives to address this: 1) obtaining Payment in Lieu of Taxes (PILOT) from non-profits, 2) using an Infrastructure Investment Initiative (I Cubed) to fund development, 3) improving personal property tax audits, and 4) reducing tax abatements and appeals. It provides details and results for each initiative that has increased revenues without raising tax rates.
Peder Schaefer, associate director of the Rhode Island League of Cities and Towns, presents a case study of the city of Woonsocket, whose use of the Budget Commission Act helped the city reach fiscal solvency, and looks at other distressed cities.
Martim Smolka of the Lincoln Institute of Land Policy discusses value capture, a tool for recovering land value generated by public actions such as infrastructure investment or zoning changes.
Municipalities access the capital markets to finance infrastructure projects by issuing municipal bonds and notes. Over $3.8 trillion in bonds are currently outstanding that were issued to finance infrastructure. The document discusses two examples of municipal bond deals, one for $9 million issued by the Town of Shrewsbury, MA to fund multiple capital projects, and one for $39.9 million issued by the City of New Bedford, MA to fund railroad remediation and refinance prior debt. It explains the process municipalities go through to issue bonds and the roles of various players in the capital markets.
Anthony Flint of the Lincoln Institute of Land Policy talks about the innovative nature of the federal response to Hurricane Sandy, and where financing for resiliency initiatives might come from.
LeAnn Luna of the University of Tennessee, Knoxville discusses alternatives to the traditional corporate income tax, such as the gross receipts tax, the margins tax, the subtraction method value-added tax and the credit invoice value-added tax
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Preliminary findings _OECD field visits to ten regions in the TSI EU mining r...OECDregions
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AHMR is an interdisciplinary peer-reviewed online journal created to encourage and facilitate the study of all aspects (socio-economic, political, legislative and developmental) of Human Mobility in Africa. Through the publication of original research, policy discussions and evidence research papers AHMR provides a comprehensive forum devoted exclusively to the analysis of contemporaneous trends, migration patterns and some of the most important migration-related issues.
Donate to charity during this holiday seasonSERUDS INDIA
For people who have money and are philanthropic, there are infinite opportunities to gift a needy person or child a Merry Christmas. Even if you are living on a shoestring budget, you will be surprised at how much you can do.
Donate Us
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RFP for Reno's Community Assistance CenterThis Is Reno
Property appraisals completed in May for downtown Reno’s Community Assistance and Triage Centers (CAC) reveal that repairing the buildings to bring them back into service would cost an estimated $10.1 million—nearly four times the amount previously reported by city staff.
Combined Illegal, Unregulated and Unreported (IUU) Vessel List.Christina Parmionova
The best available, up-to-date information on all fishing and related vessels that appear on the illegal, unregulated, and unreported (IUU) fishing vessel lists published by Regional Fisheries Management Organisations (RFMOs) and related organisations. The aim of the site is to improve the effectiveness of the original IUU lists as a tool for a wide variety of stakeholders to better understand and combat illegal fishing and broader fisheries crime.
To date, the following regional organisations maintain or share lists of vessels that have been found to carry out or support IUU fishing within their own or adjacent convention areas and/or species of competence:
Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR)
Commission for the Conservation of Southern Bluefin Tuna (CCSBT)
General Fisheries Commission for the Mediterranean (GFCM)
Inter-American Tropical Tuna Commission (IATTC)
International Commission for the Conservation of Atlantic Tunas (ICCAT)
Indian Ocean Tuna Commission (IOTC)
Northwest Atlantic Fisheries Organisation (NAFO)
North East Atlantic Fisheries Commission (NEAFC)
North Pacific Fisheries Commission (NPFC)
South East Atlantic Fisheries Organisation (SEAFO)
South Pacific Regional Fisheries Management Organisation (SPRFMO)
Southern Indian Ocean Fisheries Agreement (SIOFA)
Western and Central Pacific Fisheries Commission (WCPFC)
The Combined IUU Fishing Vessel List merges all these sources into one list that provides a single reference point to identify whether a vessel is currently IUU listed. Vessels that have been IUU listed in the past and subsequently delisted (for example because of a change in ownership, or because the vessel is no longer in service) are also retained on the site, so that the site contains a full historic record of IUU listed fishing vessels.
Unlike the IUU lists published on individual RFMO websites, which may update vessel details infrequently or not at all, the Combined IUU Fishing Vessel List is kept up to date with the best available information regarding changes to vessel identity, flag state, ownership, location, and operations.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Monitoring Health for the SDGs - Global Health Statistics 2024 - WHOChristina Parmionova
The 2024 World Health Statistics edition reviews more than 50 health-related indicators from the Sustainable Development Goals and WHO’s Thirteenth General Programme of Work. It also highlights the findings from the Global health estimates 2021, notably the impact of the COVID-19 pandemic on life expectancy and healthy life expectancy.
Fiscal Distress in Local Governments: Opportunities for State/Local Partnership
1. Fiscal Distress in Local Governments:
Opportunities for State/Local
Partnership
December 2, 2016
2. Opportunities for state/local
partnership
• Local governments are critical to state growth
• Local officials have limited flexibility to address both
long-term structural challenges and short-term
shocks
• Early detection creates opportunities to resolve
challenges in advance of a fiscal crisis
3. Fiscal monitoring defined
• States that actively and regularly review financial
information from local governments
• Assess the fiscal condition of local governments
and/or identify signs of distress
5. Early warning states
Fiscal monitoring
Fiscal monitoring with early warning
No monitoring
WA
OR
NV
CO
NM
SD
MN
IA
LA
FL
TN
KY
NC
OH
MI
PA
NY
NH
RI
CT
NJ
MD
NV
LA
NC
OH
PA
6. Challenge 1
Challenge: Learning about fiscal distress too late.
Solution: States check in with local governments on a
frequent and regular basis to try to detect distress
earlier.
7. Tennessee
• Quarterly monitoring
• Budgets and financial
statements
• Sufficient resources to meet
obligations
“A lot of what we’re doing is really proactive and
upfront, rather than after things have gone wrong.”
-Ron Queen, senior financial analyst, Office of State and Local Finance
8. Challenge 2
Challenge: Inconsistent monitoring when procedures
are informal and not codified in statute.
Solution: Formal systems and processes promote
transparency, predictability, and consistency.
9. Rhode Island
• Proposed tax rates and
proposed budgets
• Local governments are
required to submit quarterly
reports
• Five year forecasts including
pensions and OPEB
“[Central Falls] was certainly a wake-up call… before
no one really envisioned a municipality going
bankrupt.”
-Susanne Greschner, chief, Division of Municipal Finance
10. Challenge 3
Challenge: Tensions between state and local
government officials.
Solution: States can establish good working
relationships with local governments.
11. New York
“We want transparency. We’re not trying to ‘catch’
places.”
-Craig Kinns, assistant director, operations, State Comptroller’s Division of Local
Government and School Accountability
• “No surprise
approach”
• Reach out to local
governments in
advance
12. Challenge 4
Challenge: Treating intervention as the only response.
Solution: Identify smaller steps to help local
governments that stop short of intervention.
13. Nevada
“Taking over entities is pretty serious… fiscal watch
offers all kinds of opportunities to correct [problems]
before the state actually takes over.”
-Terry Rubald, deputy executive director, Department of Taxation
• “Fiscal watch”
• 27 indicators
• Committee on Local
Government
Finance
14. Key considerations
• Establish a clear definition of “distress”
• Identify the department(s) or agency(ies)
responsible
• Identify data sources that will meet the stated
purpose
• Determine which indicators to monitor and with
what frequency
• Ensure monitoring is consistent