State Of Indiana Unfunded Pension Debt Continues Rise While State Legislators Ignore

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 →

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.

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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 →

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 →