Over two years ago, this blog site was one of the first in the state to highlight the new accounting rules showing the State of Indiana had hidden its unfunded pension debt Continue reading →
Category / bonds
Indiana School District’s Math Mistake Causes Millions In Tax Increases
A supposed worksheet “error” causes property owners to have their taxes to go up.
Debt Bomb: Minnesota’s Pension Debt Explodes Using Real Accounting
The Governmental Accounting Standards Board forces the state of Minnesota to use real accounting standards for its pension calculations and it’s not pretty. Continue reading →
Inflation Running Up Construction Costs for Local Governments
With local governments wanting to spend big on construction projects because of low-interest rate borrowing, new inflationary pressures are popping up. Costs are now going up 10% annually in some places. Continue reading →
Indianapolis Public Schools gets financial downgrade
Moody’s Investor Service released a financial grade for Indianapolis Public School system. Continue reading →
Investors will make Illinois state politicians suffer
Politicians in local and state government are some of the most naive people I’ve ever encountered when it comes to finances. Continue reading →
How federal tax dollars were spent in 2015
Detroit is broke……again
In October of 2012, President Barack Obama triumphantly declared he “refused to throw in the towel” and “let Detroit go bankrupt.” Continue reading →
Why Indiana tax abatements for business are worthless
The U.S. tax code either federal or state needs a major restructure. Continue reading →
National debt has grown $400 Billion in the last 90 days
This is unsustainable but most do not pay attention to the financial train wreck heading our way. Continue reading →
Hoosier Econ 