Local Government

Doubling Down on Public Pension Investments

April 2, 2012 Budget

Pension costs going up faster than revenue? You have three choices: Raise taxes, cut spending on other items and pay more into your pension reserve. Those are certainly not politically attractive options, but as often as not, these are the options for grown-ups. Reduce pension liabilities by reducing pensions promised. These are politically ugly options, […]

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Which Might be the Better Cash Dashboard?

February 23, 2012 Cash

My on-again, off-again posting is mostly the result of some prototyping and developing analytical tools and visualizations I’m doing with public data. Some are broader, more-policy focused. Others are more nitty-gritty operational. Here are two PDFs of a dashboard I’m working on for that most nitty-gritty of subjects, cash. Here’s an earlier post on its […]

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Albany County Nursing Home, Why New York Needs to Change How it Reviews Subsidized CON Applications

February 13, 2012 County Government

It’s time to end the practice by New York’s Department of Health of allowing county “commitments” to using local property tax increases to subsidize nursing home losses as a means to meet the financial feasibility criterion in the certificate-of-need process. This practice contradicts and undermines the State’s policy of slowing growth in property taxes. Such […]

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Dancing Along the Edge – In the Dark

February 9, 2012 Accounting

Dance too close to the edge … Well you know what happens. When things are tight is when to be most careful, but wanting to avoid public acknowledgement of trouble, some public officials get closer to the edge and then topple over. It’s even worse, when public officials avoid the bad news and operate in […]

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GASB Proposal to Require State & Local Governments to do Five Year Cash Flow Projections

December 19, 2011 Cash

Thanks to Lisa Henty, from the Orange County, NC Budget Office, for reminding us that the Government Accounting Standards Board (GASB) is seeking public comment on a Preliminary Views proposing that state and local governments prepare financial projections to better present their economic conditions. From the December 6, 2011, GASB press release: The GASB is […]

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The Shin Bone’s Connected to the Thigh Bone

December 7, 2011 Business

My friend and colleague, Tim Maniccia, who runs Policy Innovation, noted some interesting connections yesterday. What triggered Tim’s observations was the bankruptcy of American Airlines. The first thing he noted was that American’s four pension plans cover almost 130,000 participants, but they have only $8.3 billion in assets to cover $18.5 billion in benefits. Were […]

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Intergovernmental Money Movement, Especially Downhill

November 29, 2011 Budget

Little considered or included in public discussions of property tax caps, or limitations on governmental expenditures are intergovernmental financial relationships. This is not merely a matter of mandates but recognition that very large sums of money flow back and forth between all levels of government. What is expenditure for one level of government is often […]

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Patient Patronage

November 23, 2011 Budget

Not generally recognized in the county nursing home business is a second form of political patronage, namely “patient patronage.” Sure County Legislators and other politicians call when they want a job for a friend, family, or constituent. No surprise there. This practice was pretty much suppressed in Albany County government for the first dozen years […]

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Sales Tax Increase Flops for Saratoga; They Go for Property Tax Increase and Cuts

November 19, 2011 Budget

As expected, key members of the State Senate, told Saratoga County officials not to plan on a local sales tax increase (which requires permission from the State Legislature and Governor), to balance the County budget. It was unlikely from the beginning. The State approved extensions of existing taxes during the current year, but approved no […]

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What Albany County Long Term Care Could Use More of Instead of New Nursing Home Capacity

November 17, 2011 Expenditures

The Administrator of a non-profit nursing home in Albany County reminded me yesterday that what the area really needs is more assisted living, residential capacity. Right now there is only one facility in the County that accepts Medicaid for Assisted Living, a less patient restrictive, more homelike, and much less expensive type of program than […]

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