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Why Some Public Pensions Could Soon Look Much Worse A Governing analysis shows how a new accounting rule dramatically changes some plans pension liabilities and will likely force many states to finally face their obligations. March 13, 2015 • Standing in a crowded hallway outside a committee room in the Kentucky State Capitol, House Speaker Greg Stumbo is surrounded by thankful teachers and skeptical reporters. It is mid-February and the committee has just approved his proposal to borrow $3.3 billion to shore up the state’s teacher retirement system. Stumbo has argued that current, historically low interest rates are a window of opportunity to solidify funding for the troubled system. But, notes one reporter, borrowing $3.3 billion would be a challenge since it would be the largest bond offering in Kentucky’s history. ....
The local elections will take place on Thursday 6th May. 0 April 19, 2021 16:28 by Lauren McGaun Lauren McGaun Next month, UoN students will have the chance to head to the polls once again, this time to elect Nottinghamshire’s new Police and Crime Commissioner (PCC). The job of the Commissioner is to oversee all policing across Nottinghamshire, providing a voice to the people by ensuring there is police accountability. Three candidates are running for the role, with the Conservatives, Labour and the Liberal Democrats each vying for the position. Impact’s News Editor Lauren McGaun caught up with Labour’s Paddy Tipping and the Liberal Democrat’s David Watts to find out more about why they were running for the role. ....
Watt may seek to rein in Holohan irishtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irishtimes.com Daily Mail and Mail on Sunday newspapers.
Government reporting and the future: A Q&A with GASB Chairman Joel Black By Ken Tysiac Joel Black, CPA, replaced David Vaudt, CPA, as chairman of GASB at the beginning of July, shortly after the coronavirus pandemic plunged state and local governments into a chasm of concerns about financial shortages mounting as citizens’ need for services increased. A former partner in charge of the audit practice at Mauldin & Jenkins LLC in Atlanta, Black has a deep understanding of the difficulties governments are facing in their operations and financial reporting. He is leading GASB as the board is providing temporary relief from standards implementation and guidance on how to apply GASB’s standards in the unusual current environment. ....