Comments filed on behalf of Alaskans for Sustainable Budgets on SJR6/SB53 (HJR7/HB73), the Governor's proposed Constitutional Amendments relating to the Alaska permanent fund, appropriations from the permanent fund, and the permanent fund dividend.
The latest Retirement Plan News contains articles on the following: 1) Make Benchmarking Your Plan An Annual Exercise 2) Employer Contribution Trends 3) QDIAS Ten years On
FY 2017 Budget Analysis Section IV Capital BudgetKyle Patterson
The document provides a summary of Rhode Island's proposed five-year (FY 2017-2021) capital budget. Key points include:
- Total proposed outlays are $5.44 billion, to be funded through $1.11 billion in debt issuances and $4.33 billion from current revenue streams.
- Nearly two-thirds of spending is for transportation projects, with natural resources and education making up most of the remainder.
- The budget relies heavily on pay-go funding from the Rhode Island Capital Plan Fund and federal sources.
- Proposed new debt includes $257.5 million in general obligation bonds for voter approval in November 2016 and $20 million approved by the legislature.
Here are two key features of money market accounts with examples:
1. Relatively safe - They invest in high-quality, short-term securities issued by the government, large banks, and major corporations. This makes them among the safest investments.
2. Liquid investment - Money can be withdrawn at any time without penalty. Examples of underlying securities include certificates of deposit (CDs), US Treasury bills, and commercial paper.
This document provides a summary of recent regulatory updates affecting retirement plans. Key topics include the Supreme Court ruling on the Defense of Marriage Act and its impact on spousal benefits in retirement plans, guidance on revenue recapture accounts and fee disclosure timing, proposed changes to money market fund regulations, and compliance projects conducted by the IRS on college/university and 457(b) plans. Emerging state initiatives to establish alternative retirement savings programs are also discussed.
With the release of the Federal Budget earlier this month, Joe Hockey explained one avenue of saving money for the Federal Government is to increase fees for visa applications.
The past 30 years has born witness to the collapse of the private pension system with for-profit employers, tax-exempt entities and now the governmental sponsors replacing defined benefit pension programs with defined contribution plans. This practice spawned a well-documented transfer of investment and funding risk from employer to employee. Now, most defined contribution plans render the employee the sole decision maker on the four factors that determine an employee's ability to retire successfully: contribution rate, investment strategy/return, time horizon, and spending needs in retirement.<br /><br /> In this presentation we will address what employers can do to help employees meet the demands of the new retirement plan era.
Even with the most earnest intentions, mistakes inside of a retirement plan will most likely happen from time to time. Plan sponsors can take solace in knowing that there is a corrective solution for nearly every compliance problem. Knowing how to correct a plan error will help plan sponsors act swiftly so as not to ripen the problem should one occur. It can also help save the plan sponsor money. In this program, Multnomah Group will provide an overview of the correction programs available through both the Internal Revenue Service (for Internal Revenue Code issues) and the Department of Labor (for issues under the Employee Retirement Income Security Act).
This document provides an overview and agenda for a presentation on common 403(b) plan compliance issues and solutions. It begins with introductions of the presenter and his background and experience. It then outlines the IRS and DOL voluntary correction programs that can be used to resolve plan failures. The majority of the document details frequent plan document issues, operational errors, and governance problems that 403(b) plans encounter. It provides examples and recommends best practices for correction.
The latest Retirement Plan News contains articles on the following: 1) Make Benchmarking Your Plan An Annual Exercise 2) Employer Contribution Trends 3) QDIAS Ten years On
FY 2017 Budget Analysis Section IV Capital BudgetKyle Patterson
The document provides a summary of Rhode Island's proposed five-year (FY 2017-2021) capital budget. Key points include:
- Total proposed outlays are $5.44 billion, to be funded through $1.11 billion in debt issuances and $4.33 billion from current revenue streams.
- Nearly two-thirds of spending is for transportation projects, with natural resources and education making up most of the remainder.
- The budget relies heavily on pay-go funding from the Rhode Island Capital Plan Fund and federal sources.
- Proposed new debt includes $257.5 million in general obligation bonds for voter approval in November 2016 and $20 million approved by the legislature.
Here are two key features of money market accounts with examples:
1. Relatively safe - They invest in high-quality, short-term securities issued by the government, large banks, and major corporations. This makes them among the safest investments.
2. Liquid investment - Money can be withdrawn at any time without penalty. Examples of underlying securities include certificates of deposit (CDs), US Treasury bills, and commercial paper.
This document provides a summary of recent regulatory updates affecting retirement plans. Key topics include the Supreme Court ruling on the Defense of Marriage Act and its impact on spousal benefits in retirement plans, guidance on revenue recapture accounts and fee disclosure timing, proposed changes to money market fund regulations, and compliance projects conducted by the IRS on college/university and 457(b) plans. Emerging state initiatives to establish alternative retirement savings programs are also discussed.
With the release of the Federal Budget earlier this month, Joe Hockey explained one avenue of saving money for the Federal Government is to increase fees for visa applications.
The past 30 years has born witness to the collapse of the private pension system with for-profit employers, tax-exempt entities and now the governmental sponsors replacing defined benefit pension programs with defined contribution plans. This practice spawned a well-documented transfer of investment and funding risk from employer to employee. Now, most defined contribution plans render the employee the sole decision maker on the four factors that determine an employee's ability to retire successfully: contribution rate, investment strategy/return, time horizon, and spending needs in retirement.<br /><br /> In this presentation we will address what employers can do to help employees meet the demands of the new retirement plan era.
Even with the most earnest intentions, mistakes inside of a retirement plan will most likely happen from time to time. Plan sponsors can take solace in knowing that there is a corrective solution for nearly every compliance problem. Knowing how to correct a plan error will help plan sponsors act swiftly so as not to ripen the problem should one occur. It can also help save the plan sponsor money. In this program, Multnomah Group will provide an overview of the correction programs available through both the Internal Revenue Service (for Internal Revenue Code issues) and the Department of Labor (for issues under the Employee Retirement Income Security Act).
This document provides an overview and agenda for a presentation on common 403(b) plan compliance issues and solutions. It begins with introductions of the presenter and his background and experience. It then outlines the IRS and DOL voluntary correction programs that can be used to resolve plan failures. The majority of the document details frequent plan document issues, operational errors, and governance problems that 403(b) plans encounter. It provides examples and recommends best practices for correction.
Income and Wealth Transfer Tax Aspects of Joint TrustsMelinda Merk
This document provides an overview and summary of key issues regarding community property laws and their interaction with estate planning. It discusses how community property principles apply to property acquired during marriage in certain U.S. states and other countries. It outlines the categories of community property and separate property and the tax treatment of each. The summary also identifies several potential pitfalls to consider when using joint trusts or making gifts involving community property to avoid unintended tax consequences.
The document discusses various tax-advantaged retirement plans like Traditional IRAs, 401(k)s, and 403(b) plans that allow pre-tax contributions and tax-deferred earnings. It also covers Charitable Remainder Trusts, contribution limits for donations to charities, and the step-up in basis rule for inheriting assets. Matching tax sections to concepts like partnerships, mergers, and like-kind exchanges is addressed as well.
Item 3d GREEN INITIATIVE in Development Bank of KazakhstanOECD Environment
This document provides an overview and summary of the Development Bank of Kazakhstan. It discusses the bank's mission to promote sustainable development through non-resource sector investments. It also outlines the bank's loan portfolio breakdown, access to funding, corporate governance practices, and credit ratings. Additionally, the document summarizes two renewable energy projects in wind and solar that the bank financed, highlighting their costs and environmental benefits.
LegFin: Preliminary Overview of the Governor's FY22 Budget (1.8.2021)Brad Keithley
The document provides a preliminary overview of Alaska's structural budget deficit and the Governor's FY2022 budget proposal. It notes that Alaska has faced nine consecutive years of budget deficits due to declining oil revenue. The Governor's budget reduces spending from the current law baseline through lower agency budgets and partial funding of items like the PFD. It draws funds from the ERA to fully pay the PFD but still faces a small deficit. The 10-year plan aims to balance the budget starting in FY2023 through dividend reductions, spending cuts, and new revenue.
Changing Trust Situs; Forum Shopping for TrustsMelinda Merk
This document provides information about trust situs and how to change a trust's situs. It discusses what determines a trust's administrative and tax situs, as well as how situs impacts matters like trustee powers and duties, investments, and creditor rights. The document also outlines factors that can influence a trust's initial situs and how a situs change may alter the governing law. It provides examples of trust provisions and statutory guidelines related to situs designation and transferring situs between jurisdictions.
CFPB's Final Mortgage Regulations: Ability to Repay and Qualified Mortgage Ru...Kaufman & Canoles
The document discusses the CFPB's final mortgage regulations on ability-to-repay and qualified mortgage rules which take effect on January 10, 2014. It received over 1,800 comments and grew from 474 to 804 pages. The regulations require lenders to determine a consumer's ability to repay any residential mortgage loan by considering at minimum 8 underwriting factors like income, employment, monthly payments on the loan and other debts. The rules aim to establish standards for ability-to-repay determinations and provide a safe harbor for qualified mortgages that meet certain criteria.
Stewart Kaplan of the Thrift Savings Plan Training Office will provide an update on the current status of the Non-Disclosure Agreement (NDA) and the updated rules and regulations of the Thrift Savings Plan (TSP). The 90-minute session will provide an overview of using myPay, contributions, using the website calculator, tax-deferred versus Roth IRAs pros and cons, the value of the L Funds, and death benefits. Register and join webinar: https://learn.extension.org/events/2361/
TriStar Pension Consulting presents changes to Retirement plans like 401(k)'s in the year 2015 along with pending legislation. Find out what is happening in Washington and how it will affect your Retirement Plan.
HJR1 & HB165: Comments of Alaskans for Sustainable Budgets CommentsBrad Keithley
Comments filed on behalf of Alaskans for Sustainable Budgets on HJR 1 & HB165, Rep. Kreiss-Tomkin's proposed Constitutional Amendment to Guarantee the Permanent Fund Dividend
SJR 1 (Guarantee Perm Fund Dividend): Comments of Alaskans for Sustainable Bu...Brad Keithley
Comments filed on behalf of Alaskans for Sustainable Budgets on SJR 1, Sen. Wielechowski's proposed Constitutional Amendment to Guarantee the Permanent Fund Dividend
Comments of Alaskans for Sustainable Budgets on HJR 23 (March 12, 2018)Brad Keithley
This document provides comments from Alaskans for Sustainable Budgets opposing a proposed resolution (HJR 23) that would change how funds from Alaska's Permanent Fund are allocated and used. The group opposes key aspects of a revised version of the resolution, including uncertain allocation to Permanent Fund Dividends, a fixed draw rate, and allowing the legislature to withdraw more than the draw rate in a given year. The document outlines alternative proposals and reasons for the group's positions, citing economic impact studies and the need for constitutional provisions to be durable over time.
HB 202 (HFIN): Comments of Alaskans for Sustainable BudgetsBrad Keithley
Comments filed on behalf of Alaskans for Sustainable Budgets with the House Finance Committee on HB 202 (Rep. Merrick) proposing a restructuring of and cuts in the Alaska Permanent Fund Dividend (PFD).
CBO projects rising budget deficits over the next decade, with debt levels exceeding those ever recorded. Spending is expected to outpace revenues due to an aging population, rising healthcare costs, and interest on the growing debt. Major trust funds risk insolvency within 10 years. While recent legislation has increased near-term deficits, changes to both spending and revenues will ultimately be needed to address rising debt burdens. The longer action is delayed, the larger the required policy adjustments.
HB 202 & HB 37 (Statutory PFD Reductions): Comments of Alaskans for Sustainab...Brad Keithley
Comments filed on behalf of Alaskans for Sustainable Budgets on HB 202 (Rep. Merrick) & HB 37 (Rep. Wool) proposing (and in the case of HB 37, some substitute revenues to reduce the level of) cuts in the Alaska Permanent Fund Dividend (PFD).
Comments in opposition to SB 199 & SB 200 (2.20.2022)Brad Keithley
The comments of Alaskans for Sustainable Budgets in opposition to Senate Finance Committee bills SB 199 & SB 200, which propose to substantially restructure and cut the Permanent Fund Dividend.
2016 Wolfe Research Power & Gas Leaders ConferenceAES_BigSky
- The AES Corporation is an energy company led by Tom O'Flynn, Executive Vice President & CFO.
- The presentation contains forward-looking statements and discusses AES' business strategy, financial projections, and growth expectations through 2021.
- AES expects double-digit growth in free cash flow and earnings driven by $7.8 billion in construction projects under way that will come online between now and 2021.
Presentation by Julie Topoleski, Director of CBO’s Labor, Income Security, and Long-Term Analysis Division, and Molly Saunders-Scott, analyst in CBO’s Tax Analysis Division, at the National Tax Association’s 53rd Annual Spring Symposium.
Comments and Proposed Amendment of Alaskans for Sustainable Budgets on HB 306...Brad Keithley
The comments and proposed amendment of Alaskans for Sustainable Budgets on HB306 (the proposal by Reps. Johnston & Kopp permanently to implement POMV 80/20).
This document summarizes potential incentives for Project Gardendale from the Tennessee Department of Economic and Community Development. It outlines a potential $65 million capital grant to be paid out over 7 years if the project creates 5,000 new full-time jobs paying an average of $76.32 per hour and makes a $600 million capital investment. The summary is non-binding and incentives are subject to due diligence and approval. It also estimates the project could qualify for $21.72 million in standard job tax credits over 15 years.
The text file Ass1_Task1_POIs.txt can be used as the required te.docxssusera34210
The text file "Ass1_Task1_POIs.txt" can be used as the required text file for Task 1 of Assignment 1.
You are welcome to make your own text file.
In this file, each row is a building. There are 3 numbers in each row.
The first number is the type of building.
The next 2 numbers are the coordinates of the building (i.e. an x value and a y value).
The x and y values are between 0 and 100, to 2 decimal places. They are separated by a comma (",").
Below are the types of buildings that each ID number refers to:
1. Petrol Station
2. Taxi Stand
3. ATM
4. Hospital
5. Shopping Centre
Email me or post on the forums if you have any questions: [email protected]
TEMPLATE
Summary Report for CBI for the Canadian Expansion
Recommended Capital Structured Approach and my Recommendation with Justification
As Competition Bikes, Inc. expands, I have been requested to look north towards Canada as a possible investiture of business assets into the Canadian Marketplace for possible expansion. Having done a thorough examination and looking over the numerous options that may allow you to further review the possible expansion into Canada; I have deliberated the resulting tabulations as the ones that may be your most optimal solutions, based on the present economy, our own financial standing and Canadian markets. It is important to remember that the allotment of time is a section of five years. Specifically those are Year 9 to Year 13. This is accompanied with the goal of amassing approximately $600,000 for expansion. Here are 6 possible options that I will offer.
1st Fund Expansion with 100% Issuance of Bonds valued at 9%
2nd Fund Expansion with 60% Issuance of Bonds valued at 9%, with an additional release of 40% of Common Stock.
3rd Fund Expansion with 40% Issuance of Bonds valued at 9%, with an additional release of 60% of Common Stocks.
4th Fund Expansion with 20% Issuance of Bonds, valued at 9%, with an additional release of 80% of Common Stocks.
5th Issue a joint Stock Option of 50% Preferred and 50% Common Stocks.
6th Take a Bank Loan with 6% Interest for 5 Years (Year 9 – 13) with minimal return over the duration of the loan.
Each one of these six suggestions has a positive and a negative. From the get-go, let’s immediately dismiss the 6th suggestion. A Bank Loan with almost no return for five years is a bad idea. We would be required to have a minimum balance, and that money could be much better spent elsewhere, investing it in our company for better productivity. Bank Loans almost always carry with them minimum requirements, or minimum balances; neither of which will benefit our company. As I see it, we have a pair of good options available to us. Choice number 5 and Choice number 4.
Having looked over all of the choices listed, if we take a long-term approach; it would seem that our Choice number 5 would seem the more viable for our growth and expansion. Although Choice number 4 would certainly offer us a nicer short term re ...
Income and Wealth Transfer Tax Aspects of Joint TrustsMelinda Merk
This document provides an overview and summary of key issues regarding community property laws and their interaction with estate planning. It discusses how community property principles apply to property acquired during marriage in certain U.S. states and other countries. It outlines the categories of community property and separate property and the tax treatment of each. The summary also identifies several potential pitfalls to consider when using joint trusts or making gifts involving community property to avoid unintended tax consequences.
The document discusses various tax-advantaged retirement plans like Traditional IRAs, 401(k)s, and 403(b) plans that allow pre-tax contributions and tax-deferred earnings. It also covers Charitable Remainder Trusts, contribution limits for donations to charities, and the step-up in basis rule for inheriting assets. Matching tax sections to concepts like partnerships, mergers, and like-kind exchanges is addressed as well.
Item 3d GREEN INITIATIVE in Development Bank of KazakhstanOECD Environment
This document provides an overview and summary of the Development Bank of Kazakhstan. It discusses the bank's mission to promote sustainable development through non-resource sector investments. It also outlines the bank's loan portfolio breakdown, access to funding, corporate governance practices, and credit ratings. Additionally, the document summarizes two renewable energy projects in wind and solar that the bank financed, highlighting their costs and environmental benefits.
LegFin: Preliminary Overview of the Governor's FY22 Budget (1.8.2021)Brad Keithley
The document provides a preliminary overview of Alaska's structural budget deficit and the Governor's FY2022 budget proposal. It notes that Alaska has faced nine consecutive years of budget deficits due to declining oil revenue. The Governor's budget reduces spending from the current law baseline through lower agency budgets and partial funding of items like the PFD. It draws funds from the ERA to fully pay the PFD but still faces a small deficit. The 10-year plan aims to balance the budget starting in FY2023 through dividend reductions, spending cuts, and new revenue.
Changing Trust Situs; Forum Shopping for TrustsMelinda Merk
This document provides information about trust situs and how to change a trust's situs. It discusses what determines a trust's administrative and tax situs, as well as how situs impacts matters like trustee powers and duties, investments, and creditor rights. The document also outlines factors that can influence a trust's initial situs and how a situs change may alter the governing law. It provides examples of trust provisions and statutory guidelines related to situs designation and transferring situs between jurisdictions.
CFPB's Final Mortgage Regulations: Ability to Repay and Qualified Mortgage Ru...Kaufman & Canoles
The document discusses the CFPB's final mortgage regulations on ability-to-repay and qualified mortgage rules which take effect on January 10, 2014. It received over 1,800 comments and grew from 474 to 804 pages. The regulations require lenders to determine a consumer's ability to repay any residential mortgage loan by considering at minimum 8 underwriting factors like income, employment, monthly payments on the loan and other debts. The rules aim to establish standards for ability-to-repay determinations and provide a safe harbor for qualified mortgages that meet certain criteria.
Stewart Kaplan of the Thrift Savings Plan Training Office will provide an update on the current status of the Non-Disclosure Agreement (NDA) and the updated rules and regulations of the Thrift Savings Plan (TSP). The 90-minute session will provide an overview of using myPay, contributions, using the website calculator, tax-deferred versus Roth IRAs pros and cons, the value of the L Funds, and death benefits. Register and join webinar: https://learn.extension.org/events/2361/
TriStar Pension Consulting presents changes to Retirement plans like 401(k)'s in the year 2015 along with pending legislation. Find out what is happening in Washington and how it will affect your Retirement Plan.
HJR1 & HB165: Comments of Alaskans for Sustainable Budgets CommentsBrad Keithley
Comments filed on behalf of Alaskans for Sustainable Budgets on HJR 1 & HB165, Rep. Kreiss-Tomkin's proposed Constitutional Amendment to Guarantee the Permanent Fund Dividend
SJR 1 (Guarantee Perm Fund Dividend): Comments of Alaskans for Sustainable Bu...Brad Keithley
Comments filed on behalf of Alaskans for Sustainable Budgets on SJR 1, Sen. Wielechowski's proposed Constitutional Amendment to Guarantee the Permanent Fund Dividend
Comments of Alaskans for Sustainable Budgets on HJR 23 (March 12, 2018)Brad Keithley
This document provides comments from Alaskans for Sustainable Budgets opposing a proposed resolution (HJR 23) that would change how funds from Alaska's Permanent Fund are allocated and used. The group opposes key aspects of a revised version of the resolution, including uncertain allocation to Permanent Fund Dividends, a fixed draw rate, and allowing the legislature to withdraw more than the draw rate in a given year. The document outlines alternative proposals and reasons for the group's positions, citing economic impact studies and the need for constitutional provisions to be durable over time.
HB 202 (HFIN): Comments of Alaskans for Sustainable BudgetsBrad Keithley
Comments filed on behalf of Alaskans for Sustainable Budgets with the House Finance Committee on HB 202 (Rep. Merrick) proposing a restructuring of and cuts in the Alaska Permanent Fund Dividend (PFD).
CBO projects rising budget deficits over the next decade, with debt levels exceeding those ever recorded. Spending is expected to outpace revenues due to an aging population, rising healthcare costs, and interest on the growing debt. Major trust funds risk insolvency within 10 years. While recent legislation has increased near-term deficits, changes to both spending and revenues will ultimately be needed to address rising debt burdens. The longer action is delayed, the larger the required policy adjustments.
HB 202 & HB 37 (Statutory PFD Reductions): Comments of Alaskans for Sustainab...Brad Keithley
Comments filed on behalf of Alaskans for Sustainable Budgets on HB 202 (Rep. Merrick) & HB 37 (Rep. Wool) proposing (and in the case of HB 37, some substitute revenues to reduce the level of) cuts in the Alaska Permanent Fund Dividend (PFD).
Comments in opposition to SB 199 & SB 200 (2.20.2022)Brad Keithley
The comments of Alaskans for Sustainable Budgets in opposition to Senate Finance Committee bills SB 199 & SB 200, which propose to substantially restructure and cut the Permanent Fund Dividend.
2016 Wolfe Research Power & Gas Leaders ConferenceAES_BigSky
- The AES Corporation is an energy company led by Tom O'Flynn, Executive Vice President & CFO.
- The presentation contains forward-looking statements and discusses AES' business strategy, financial projections, and growth expectations through 2021.
- AES expects double-digit growth in free cash flow and earnings driven by $7.8 billion in construction projects under way that will come online between now and 2021.
Presentation by Julie Topoleski, Director of CBO’s Labor, Income Security, and Long-Term Analysis Division, and Molly Saunders-Scott, analyst in CBO’s Tax Analysis Division, at the National Tax Association’s 53rd Annual Spring Symposium.
Comments and Proposed Amendment of Alaskans for Sustainable Budgets on HB 306...Brad Keithley
The comments and proposed amendment of Alaskans for Sustainable Budgets on HB306 (the proposal by Reps. Johnston & Kopp permanently to implement POMV 80/20).
This document summarizes potential incentives for Project Gardendale from the Tennessee Department of Economic and Community Development. It outlines a potential $65 million capital grant to be paid out over 7 years if the project creates 5,000 new full-time jobs paying an average of $76.32 per hour and makes a $600 million capital investment. The summary is non-binding and incentives are subject to due diligence and approval. It also estimates the project could qualify for $21.72 million in standard job tax credits over 15 years.
The text file Ass1_Task1_POIs.txt can be used as the required te.docxssusera34210
The text file "Ass1_Task1_POIs.txt" can be used as the required text file for Task 1 of Assignment 1.
You are welcome to make your own text file.
In this file, each row is a building. There are 3 numbers in each row.
The first number is the type of building.
The next 2 numbers are the coordinates of the building (i.e. an x value and a y value).
The x and y values are between 0 and 100, to 2 decimal places. They are separated by a comma (",").
Below are the types of buildings that each ID number refers to:
1. Petrol Station
2. Taxi Stand
3. ATM
4. Hospital
5. Shopping Centre
Email me or post on the forums if you have any questions: [email protected]
TEMPLATE
Summary Report for CBI for the Canadian Expansion
Recommended Capital Structured Approach and my Recommendation with Justification
As Competition Bikes, Inc. expands, I have been requested to look north towards Canada as a possible investiture of business assets into the Canadian Marketplace for possible expansion. Having done a thorough examination and looking over the numerous options that may allow you to further review the possible expansion into Canada; I have deliberated the resulting tabulations as the ones that may be your most optimal solutions, based on the present economy, our own financial standing and Canadian markets. It is important to remember that the allotment of time is a section of five years. Specifically those are Year 9 to Year 13. This is accompanied with the goal of amassing approximately $600,000 for expansion. Here are 6 possible options that I will offer.
1st Fund Expansion with 100% Issuance of Bonds valued at 9%
2nd Fund Expansion with 60% Issuance of Bonds valued at 9%, with an additional release of 40% of Common Stock.
3rd Fund Expansion with 40% Issuance of Bonds valued at 9%, with an additional release of 60% of Common Stocks.
4th Fund Expansion with 20% Issuance of Bonds, valued at 9%, with an additional release of 80% of Common Stocks.
5th Issue a joint Stock Option of 50% Preferred and 50% Common Stocks.
6th Take a Bank Loan with 6% Interest for 5 Years (Year 9 – 13) with minimal return over the duration of the loan.
Each one of these six suggestions has a positive and a negative. From the get-go, let’s immediately dismiss the 6th suggestion. A Bank Loan with almost no return for five years is a bad idea. We would be required to have a minimum balance, and that money could be much better spent elsewhere, investing it in our company for better productivity. Bank Loans almost always carry with them minimum requirements, or minimum balances; neither of which will benefit our company. As I see it, we have a pair of good options available to us. Choice number 5 and Choice number 4.
Having looked over all of the choices listed, if we take a long-term approach; it would seem that our Choice number 5 would seem the more viable for our growth and expansion. Although Choice number 4 would certainly offer us a nicer short term re ...
1) AGS successfully priced its IPO in January 2018, using the proceeds to pay down debt. This lowered its pro forma net debt to Credit Agreement Pro Forma Adjusted EBITDA ratio to 4.1x.
2) AGS is seeking to lower borrowing costs on its existing $513 million term loan by repricing it at a reduced spread of 125 basis points. This is expected to save $6 million annually in interest costs.
3) In other news, AGS acquired Rocket Gaming Systems' assets in December 2017 for $57 million, expanding its product offerings. Its installed base and revenue continued growing in Q4 2017 compared to the prior year.
Mary Beth Gray provides a "how to" of the issues you need to consider when creating a distribution policy, and what is or is not permitted by the IRS. Tabitha Croscut discusses diversification language in plans and what the IRS decided was the definition of a "qualified participant."
Senate Finance Committee Asks Members to Communicate Tax Reform PrioritiesPatton Boggs LLP
The Senate Finance Committee is asking Senators to submit proposals by July 26th detailing which tax expenditures should be maintained, repealed, or added as part of tax reform efforts. The Committee intends to take a "blank slate" approach and eliminate all special tax provisions unless there is clear evidence they help the economy, make the tax code fairer, or promote other policy objectives. Both the Senate Finance Committee and House Ways and Means Committee are committed to fundamental tax reform legislation within the next year before certain Chairmen leave their positions.
Wassim Zhani Federal Taxation Chapter 6 Gross Income Inclusions and exclusion...Wassim Zhani
The document summarizes a court case (Sutphin v. U.S.) that ruled on the tax treatment of a discount received for prepaying a mortgage. The court analyzed the issue under the general rule that discharge of indebtedness is taxable income, as well as potential statutory exceptions. It determined that the discount did not qualify for any exceptions and therefore constituted taxable income for the homeowners equal to the amount of the discount ($8,240.17). The court rejected arguments that the discount was a nontaxable gift or could reduce the homeowner's tax basis in the property rather than be immediately taxable as income.
This report recommends selling shares of Glacier Bancorp (GBCI) as the stock appears overvalued. The report cites Glacier's missed analyst EPS estimates in recent quarters and reliance on acquisitions to drive growth as concerns. Projections estimate Glacier will grow at a slower pace of around 4.7% annually over the next five years due to regulatory constraints and a gradually rising interest rate environment. Based on a DCF model valuing Glacier at $22.61, the current stock price of $24.36 represents an overvaluation of approximately 6.5%, leading to a recommended target price of $23 and rating of "Sell".
The document summarizes Integrys Energy Group's second quarter 2008 earnings conference call. Key points include:
1) Integrys reported income available for common shareholders of $24.1 million for Q2 2008 compared to a net loss of $16.4 million in Q2 2007, resulting in diluted EPS of $0.31 versus a loss of $0.22.
2) Integrys projects $756 million in increased regulated utility rate base from 2008-2010 and plans to file rate cases to incorporate this growth.
3) Integrys expects 2008 diluted EPS to be between $3.33-$3.53, adjusted EPS to be $3.63-$3.83
Similar to SJR6/SB53 (HJR7/HB73): Comments of Alaskans for Sustainable Budgets Comments on sjr6 sb53, hjr7 hb73 (w attachment) (20)
Testimony before HRES on South Central GasBrad Keithley
By invitation, we testified before the Alaska House Resources Committee on March 15, 2024, on Southcentral Gas Supply. The presentation was part of the Committee's look into the implications of the challenges currently facing Cook Inlet gas supplies.
The presentation addressed both energy and fiscal policy. Our theme was simple: " Let the market decide" and no subsidies. But if there are subsidies, they should be paid for other than through PFD cuts.
The slide-deck we used is attached here. The hearing itself is available at https://bit.ly/48YyBFf.
Presentation to Greater Fairbanks Chamber of Commerce's Government Relations ...Brad Keithley
Our September 27, 2022, presentation to the Greater Fairbanks Chamber of Commerce's Govt Relations Comm on Alaska's current fiscal situation and our views on the positions of the candidates for Alaska Governor in response.
HB 189 (Employment Tax for Education): Comments of Alaskans for Sustainable B...Brad Keithley
Comments filed on behalf of Alaskans for Sustainable Budgets on HB 189, the House Ways & Means Committee bill which would establish an employment tax for education.
HFIN CS for HB69 (work draft presented 4.23.2021): Comments of Alaskans for S...Brad Keithley
Comments filed on behalf of Alaskans for Sustainable Budgets on HFIN CS for HB69, the House Finance Committee's proposed committee substitute for HB69, the Governor's proposed operating budget.
The Economic Impact on Alaska of Various Fiscal Solutions (4.10.2021)Brad Keithley
This document summarizes several studies on the economic impact of different fiscal solutions for Alaska's budget deficit. The 2016 ISER study examined the impact of options like spending cuts, PFD cuts, and tax increases on income, jobs, distribution across income levels, and regions of Alaska. It found that PFD cuts would have the largest adverse impact on the economy and families. Subsequent ISER studies reinforced that PFDs significantly reduce poverty. A 2019 study argued for reduced spending and analyzed revenue options using static and dynamic models. A 2020 Tax Foundation study argued that certain taxes like sales taxes could have lower economic impact than others, but it provided limited analysis. The presentation concludes by advocating for a flat tax as the best option to
Impact of Proposed PFDCuts on Alaska Income & Jobs (Supplement to 3.4.2021 Le...Brad Keithley
This presentation is to supplement the 3.4.2021 LegFin Presentation to the Senate Finance Committee to analyze the impact of the PFDcuts discussed there on Alaska income & jobs.
Distributional Impact of Proposed PFDCuts on Alaska Families by Income Bracke...Brad Keithley
This presentation is to supplement the 3.4.2021 LegFin Presentation to the Senate Finance Committee to analyze the distributional impact by income bracket of the level of PFDcuts discussed there.
Analysis by the Legislative Finance Division of Alaska's fiscal position: how we got here, where we are and where we are headed under various alternatives.
DNR Fall 2020 Production Forecast (1.27.2021)Brad Keithley
The document provides a summary of Alaska's 2020 oil production forecast. It notes that the COVID-19 pandemic disrupted production in 2020, leading to deferred maintenance and interrupted drilling. The forecast expects average 2021 production of 470,000 barrels per day, within the range of 413,000 to 526,000 barrels per day. Currently producing fields will remain the backbone of production, while future projects under development or evaluation could help offset declining output from mature fields over the long term. However, uncertainty increases in longer-term forecasts due to risks associated with new projects.
Upcoming Federal Fiscal Deadlines (10.20.2020)Brad Keithley
The document outlines key fiscal and economic deadlines and expirations for 2020 through 2026, including temporary extensions of appropriations, tax provisions, and entitlement programs. Key dates include the expiration of pandemic unemployment programs and various tax extenders at the end of 2020, debt limit suspension ending in July 2021, and trust funds for Medicare, Social Security, and pensions anticipated to be exhausted between 2024-2031 based on Congressional Budget Office projections.
Concord Coalition: The Current US Fiscal Situation (October 2020)Brad Keithley
A chart talk from The Concord Coalition analyzing the fiscal challenges facing the US before COVID, and how the economic impact of COVID and the federal response has made that situation even more difficult.
The document provides an update on Alaska's tax credits and revenue projections from the Department of Revenue. It summarizes that the outlook is uncertain due to COVID-19 and volatility in oil prices and the economy. It also discusses the potential impacts of Ballot Measure 1, which would increase oil taxes but decrease producer profits and investments. The measure could more than double tax revenues from the North Slope at current oil prices according to estimates, but also increase uncertainty for producers. Contact information is provided for the Commissioner of Revenue and Chief Economist for any additional questions.
Leg finance presentation: FY21/22 Fiscal Update (10.02.2020)Brad Keithley
This document summarizes Alaska's fiscal situation and budget outlook for FY2021 and FY2022. For FY2021, it notes some budget issues like shortfalls in revenue for agencies due to COVID-19 and incomplete capital appropriations. For FY2022, it presents two potential budget scenarios based on current law (with a $3,100 PFD) and current policy (with a $1,000 PFD), finding deficits of $2.4 billion and $902.6 million respectively under 10/2/20 revenue projections. Key factors like fund balances, statewide appropriations, and agency operations are also outlined.
Alaska's Fiscal Situation: Where We've Been, Where We're HeadedBrad Keithley
A presentation to the Alaska Interior Republicans to review Alaska's current fiscal situation, where it is headed and the various options for dealing with the continued fiscal gap.
Apr 4, 2020 Letter from Sen. Shelley Hughes to Gov. Dunleavy re: BudgetBrad Keithley
Sen. Shelley Hughes April 4, 2020 letter to Governor Dunleavy regarding transfers from the Permanent Fund Earnings Reserve Account, and Permanent Fund Dividend amounts, made as part of the FY20 and FY21 Budgets.
Restatement of LegFin 3.21.2020 Presentation Using POMV 50/50Brad Keithley
The Legislative Finance Division's 3.21.2020 presentation to SFIN blends the full POMV draw into UGF. This restates the numbers using POMV 50/50, with 50% of the POMV draw going to citizens and 50% to government.
Here is Gabe Whitley's response to my defamation lawsuit for him calling me a rapist and perjurer in court documents.
You have to read it to believe it, but after you read it, you won't believe it. And I included eight examples of defamatory statements/
El Puerto de Algeciras continúa un año más como el más eficiente del continente europeo y vuelve a situarse en el “top ten” mundial, según el informe The Container Port Performance Index 2023 (CPPI), elaborado por el Banco Mundial y la consultora S&P Global.
El informe CPPI utiliza dos enfoques metodológicos diferentes para calcular la clasificación del índice: uno administrativo o técnico y otro estadístico, basado en análisis factorial (FA). Según los autores, esta dualidad pretende asegurar una clasificación que refleje con precisión el rendimiento real del puerto, a la vez que sea estadísticamente sólida. En esta edición del informe CPPI 2023, se han empleado los mismos enfoques metodológicos y se ha aplicado un método de agregación de clasificaciones para combinar los resultados de ambos enfoques y obtener una clasificación agregada.
Essential Tools for Modern PR Business .pptxPragencyuk
Discover the essential tools and strategies for modern PR business success. Learn how to craft compelling news releases, leverage press release sites and news wires, stay updated with PR news, and integrate effective PR practices to enhance your brand's visibility and credibility. Elevate your PR efforts with our comprehensive guide.
An astonishing, first-of-its-kind, report by the NYT assessing damage in Ukraine. Even if the war ends tomorrow, in many places there will be nothing to go back to.
Acolyte Episodes review (TV series) The Acolyte. Learn about the influence of the program on the Star Wars world, as well as new characters and story twists.
04062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
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SJR6/SB53 (HJR7/HB73): Comments of Alaskans for Sustainable Budgets Comments on sjr6 sb53, hjr7 hb73 (w attachment)
1. 4/22/2021 Gmail - Comments on SJR6/SB53, HJR7/HB73
https://mail.google.com/mail/u/0?ik=d8f123d76e&view=pt&search=all&permmsgid=msg-a%3Ar-5844043662435932707&simpl=msg-a%3Ar-58440436… 1/2
Brad Keithley <bgkeithley@gmail.com>
Comments on SJR6/SB53, HJR7/HB73
Brad Keithley <bgkeithley@gmail.com> Thu, Apr 22, 2021 at 1:01 PM
To: Senate.Judiciary@akleg.gov, House.State.Affairs@akleg.gov
On behalf of the Alaskans for Sustainable Budgets project, this is to provide our comments on SJR6/SB53 (HJR7/HB73)
Summary: We oppose SJR6/SB53 (HJR7/HB73) as unnecessarily complex and uncertain. We prefer instead the
simplicity and directness of SJR1. We would not oppose SJR6/SB53 (HJR7/HB73) if amended to parallel SJR1, especially if
further amended to reflect our prior comments on SJR1 (see attached).
Unnecessarily Complex: SJR6/SB53 ((HJR7/HB73) are unnecessarily complex because they rely on a tie between the
two of them to work. The adoption of SB53 (HB73) without the simultaneous adoption of SJR6 (HJR7) would restructure
the Permanent Fund Dividend (PFD), but without at the same time providing the constitutional protections of SJR6
(HJR7). Additionally, relying in part on statute to achieve the legislation's objectives raises the issue of whether, as it has
done with the current statute, the legislature ultimately could simply ignore it.
Rather than relying on the two proposals to remain connected or on the protections afforded by statute to remain robust,
we prefer the directness of SJR1, which restructures the Permanent Fund (PF) and PFD in a single step, in the
constitution and only with the adoption also of the constitutional protection of the PFD.
Unnecessarily Uncertain: SJR6/SB53 (HJR7/HB73) are uncertain because they don't set a firm constitutional split of
the draws made from the PF between the PFD and government (general fund) shares. While the bills provide for an initial
split, additional changes may be made by statute. While we appreciate that any such statutory changes would be subject
to a vote of the people, we believe the availability of such a process would lead to continual, future uncertainty
surrounding the PFD.
SJR6/SB53 (HJR7/HB73) are also uncertain because they permit the legislature to change the rate of draws from the PF
by statute. Such a provision undermines the protection of the PF from excessive draws. We prefer that the draw rate be
firmly fixed in the Constitution in the manner set forth in our comments to SJR1 ("the average of the real rates of return
realized on permanent fund investments over the preceding ten fiscal years"). Rather than tie the draw rate to an
artificial projection of future real returns (such as 5% or 4%), this approach would tie the draw rate to actually realized
real returns. Even if the Committee does not adopt such an historical-based approach, we strongly prefer the fixed
approach set forth in SJR1 to the discretionary approach reflected in SJR6/SB3 (HJR7/HB73).
SJR6/SB53 (HJR7/HB73) are additionally uncertain because they do not require the distribution of a PFD. Instead,
proposed AS 37.13.145(b) provides only that the legislature may appropriate 50 percent of the amount available for
distribution (the same is true of the appropriation to be made to the general fund). Again, we prefer the certainty of SJR1
which mandates the annual distribution of the PFD.
Drafting Note: In addition to the above concerns, we also note that we don't understand, as the statute is restructured,
the purpose of retaining the definition of "net income" in proposed AS 37.13.140(a). After the amendments, the term no
longer appears to be used in the statutes pertaining to the PF or PFD.
Thank you for the opportunity to submit these comments.
Brad
Brad Keithley
Managing Director, Alaskans for Sustainable Budgets
Cell/Txt: 214-675-0038
Links: linktr.ee/bgkeithley
Mail: 645 G Street, Suite 100, No 796, Anchorage, Alaska 99501
Web: AKforSB.com
2. 4/22/2021 Gmail - Comments on SJR6/SB53, HJR7/HB73
https://mail.google.com/mail/u/0?ik=d8f123d76e&view=pt&search=all&permmsgid=msg-a%3Ar-5844043662435932707&simpl=msg-a%3Ar-58440436… 2/2
Comments on SJR 1 (CONST AM_ GUARANTEE PERM FUND DIVIDEND).pdf
104K
3. 4/11/2021 Gmail - Comments on SJR 1 (CONST AM: GUARANTEE PERM FUND DIVIDEND)
https://mail.google.com/mail/u/0?ik=d8f123d76e&view=pt&search=all&permmsgid=msg-a%3Ar-2912525628735124355&simpl=msg-a%3Ar-29125256… 1/1
Brad Keithley <bgkeithley@gmail.com>
Comments on SJR 1 (CONST AM: GUARANTEE PERM FUND DIVIDEND)
Brad Keithley <bgkeithley@gmail.com> Fri, Apr 9, 2021 at 2:09 PM
To: Senate.Judiciary@akleg.gov
This is to submit my comments on SJR 1.
I support SJR 1, with two proposed amendments.
First, I would modify Section 2, proposed (b)(1) by substituting for the percentage to be applied to the average market
value of the fund (set at 5% in the current version), the following: "the average of the real rates of return realized on
permanent fund investments over the preceding ten fiscal years." The purpose of this amendment is to establish the
draw rate based on actual experience, rather than setting a fixed number (e.g., 5% or 4% or any other fixed number).
My concern is that while a fixed number may seem reasonable currently, it may not remain reasonable over time. The
better approach is to tie the rate to actual experience.
Second, I would strike proposed (b)(2), so as to leave (b)(1) as the only calculation required to be made. The purpose of
the amendment is to make the amounts which are to be paid out in dividends and available for the general fund more
consistent. Because there can be significant variances in any given year between the amounts to be determined under
(b)(1) and (b)(2), the amount available as dividends and government may vary significantly by year, undermining the
goal of consistency and predictability.
Thank you for the opportunity to submit these comments.
Brad
Brad Keithley
Managing Director, Alaskans for Sustainable Budgets
Cell/Txt: 214-675-0038
Links: linktr.ee/bgkeithley
Mail: 645 G Street, Suite 100, No 796, Anchorage, Alaska 99501
Web: AKforSB.com