The question of whether pensions and other retirement benefits should be more prominently reported by state and local governments is a burning controversy for the Governmental Accounting Standards Board.

Someone, at some point, needs to pay for government spending. Just because some politicians and advocates assume there’s a money tree for this purpose doesn’t make it so. 

There are several variations of the quote: Never believe anything until it has been officially denied.

As lawmakers and administration officials in Washington argue over the merits of hiking taxes on the biggest corporations and the wealthy, IRS Commissioner Charles Rettig said the tax gap—the difference between federal taxes legally owed and those actually collected—is approaching and could exceed $1 trillion per year, more than double the agency’s most recent official estimate. 

The Florida state Senate has passed a bill that would eliminate the option for nearly all new state employees to participate in a defined benefit (DB) plan, instead requiring them to join a defined contribution (DC) plan.

Most fights in one-party states are internecine. In Illinois, the Democrats who control Springfield have all but declared war on Chicago Mayor Lori Lightfoot, who is trying to prevent her city’s further decline.

That deficiency refers to the case of Angela Adams, a longtime former office manager with the Linn County Planning & Building Department. 

The Biden administration released an outline Friday of how it wants the federal government to spend its money in Fiscal 2022, and if anyone was surprised by the contents, they must not have been paying attention.

Robert Reich knows a thing or two about federal budgets, and the economist who has served in three presidential administrations says there is something wrong with Joe Biden’s plan to increase Pentagon spending above the levels proposed by former President Trump.

Just a few days after the White House revealed its budget plans for fiscal 2022, a host of Defense Department and Veterans Affairs officials will visit Capitol Hill to justify their spending needs.