Ken Sarni

Ken Sarni

Do Tax Breaks Help or Hurt a State’s Finances? New Study Digs Deep.
Source: Governing

The debate over tax incentives usually centers on whether they lead to job creation and other economic benefits. But governments must also pay attention to their own bottom lines. This begs the question: How do all the financial incentives that states offer actually influence fiscal health?

New research seeks to answer that question. Using data from the W.E. Upjohn Institute for Employment Research, researchers at North Carolina State University tallied all incentives offered by 32 states from 1990 to 2015, effectively covering 90 percent of incentives nationally. What they found doesn’t portray incentives in a positive light. Most of the programs they looked at — investment tax credits, property tax abatements, and tax credits for research and development — were linked with worse overall fiscal health for the jurisdiction that enacted them.

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Disability Statistics and Data
Source: Workforce GPS

Disability statistics can be a useful tool to increase our collective understanding of the barriers faced by the disability population in the workforce.  This information can also help us learn more about the customers we serve each day at an American Job Center. The following resource links are provided to help you gain insights on current and historical labor force participation at the national, state, and county level.

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Video: Fire and Police Pension Funds
Source: At Issue

Cities in Illinois face pension obligations that are straining their budgets. The president of the Illinois Public Pension Fund Association, Peoria Police Pension Fund President and the Peoria City Treasurer discuss two steps that might ease the financial burden. They support legislation to allow more investment options called the prudent person rule and an open amortization system.

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Your Medicare Coverage – Long-Term Care
Source: U. S. Government

Long-Term Care

Medicare doesn’t cover long-term care (also called Custodial care), if that’s the only care you need. Most nursing home care is custodial care.

Your costs in Original Medicare

You pay 100% for non-covered services, including most long-term care.

What it is

Long-term care is a range of services and support for your personal care needs. Most long-term care isn’t medical care. Instead, most long-term care is help with basic personal tasks of everyday life, sometimes called activities of daily living.

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What Rhode Island can teach us about pension plunder
Source: Forward Kentucky

When you look at proposals and bills related to public pensions, there is one thing to keep in mind: we’re talking about an amazing amount of money. In just one fund, the Kentucky Retirement Systems fund, there are assets worth over $12 billion. ($12,250,960,799.44 to be specific.)

And just as Willie Sutton said he robbed banks because “that’s where the money is,” Wall Street firms love to help pension systems manage their money – because if you get the right deal on the right terms, there’s a lot of money to be made.

So, it pays to pay attention to what is happening with public pension systems – including changes to the boards. Shifting the balance of power on a pension board can make it easier for unscrupulous people to get their hands on all that money. And sometimes, they will make it look like they are actually trying to save the pensions. “What we’re doing is for your own good!” they will say, even as they pocket huge fees.

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Illinois lawmakers debate consolidating downstate pensions
Source: KPVI

SPRINGFIELD — For municipal officials, the idea of consolidating 650 downstate police and fire pensions into one will save money in the long run, provide better investment returns and provide more stability to weaker systems.

But representatives of the pension plans said consolidating them will cost money that could take up to 20 years to recover and that there are more pressing issues facing the systems, including Tier 2 benefits that are inadequate.

The goal of consolidating downstate police and fire pension funds has been on the radar of the Illinois Municipal League for several years. This year, it also got the attention of Gov. J.B. Pritzker who appointed a task force in February to look into the feasibility of consolidating local pensions “beginning with downstate police and fire funds.” The group is supposed to deliver recommendations by July 1.

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Video: Pensions on Main Street
Source: National Public Pension Coalition

By now, most people know that public pensions provide a secure and dignified retirement for America’s public employees. But did you know that they’re also powerful engines for local and state economies, as well as the national economy? We’ve created a new video to highlight the impact that pensions have on Main Streets across our country, including their indispensible value in recruiting and retaining qualified public safety officers

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Welcome Winnetka Fire Pension Fund to IPPFA
Source: IPPFA

Welcome Winnetka Fire Pension Fund to IPPFA.

 

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