Data-Z News

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Taxpayer debt in Dallas, Houston and San Antonio is now even higher

MAY 18, 2021 | TEXAS SCORECARD | by Robert Montoya

By Robert Montoya, includes “School district debts in Dallas, Houston, and San Antonio are alarmingly high at more than $7 billion. When you add these to the cities’ debts and other underlying governments, the combined debt each taxpayer must pay is $69,600. Change will only come when ‘citizen advocates’ get involved.”
 

If we reinstate SALT, we can deliver real help to New Jersey and New York families

MAY 18, 2021 | NORTH JERSEY.COM | by Josh Gottheimer

Op-ed by U.S. Representative Josh Gottheimer (NJ), includes “The usual set of naysayers are trying to undermine our effort to reinstate the state and local tax deduction — known as SALT — by claiming it’s just a giveaway to the wealthiest Americans. But anyone who actually lives here in Jersey knows that the $10,000 SALT cap imposed by the Red States back in 2017 hit scores of middle class families hard — who are already struggling with high costs.”

New Jersey residents will pay most in taxes over a lifetime

MAY 18, 2021 | BLOOMBERG | by Laura Davison

By Laura Davison, includes “Residents of New Jersey, Massachusetts and Connecticut will face the highest tax burdens over a lifetime, according to a new study.”

FBI probe of massive Pennsylvania pension fund seeks evidence of kickbacks or bribery

MAY 17, 2021 | WESA 90.5 FM (PENNSYLVANIA NPR STATION) | by Angela Couloumbis, Joseph DiStefano, Craig McCoy

By Angela Couloumbis, Joseph DiStefano and Craig McCoy, includes “… The documents lay bare the scope of the probe and reveal that prosecutors and the FBI are investigating possible “honest services” fraud and wire fraud. Under a key 2010 U.S. Supreme Court ruling, federal prosecutors would need proof of illegal payments to charge state officials with the crime of not providing honest service, criminal-law experts say.”

State dashboard compares local government debts

MAY 17, 2021 | WCYB-TV NEWS (TENNESSEE) | by Caleb Pehrne

By Caleb Pehrne, includes “The Tennessee comptroller's office is re-launching a statewide dashboard giving you a look inside county finances. The state dashboard shows most county governments in our region have about $1,000 of debt per person, a little higher than the state average. …"
 

FBI asking questions after a pension fund aimed high and fell short

MAY 14, 2021 | THE NEW YORK TIMES | by Mary Walsh

By Mary Williams Walsh, includes “The Pennsylvania teachers’ retirement fund put more than half its assets into risky alternative investments. The math didn’t work out, spurring an investigation. ” 

Why is PERA in high-fee, high-risk investments?

MAY 14, 2021 | WESTWORD (COLORADO) | by David Sirota

By David Sirota, includes “Are taxpayers and retirees willing to give billions of dollars to financial firms in exchange for the potentially false perception of financial stability? ”

Are Gavin Newsome’s $600 checks a redistributive vote-buying scheme or welcome return of stolen goods?

MAY 14, 2021 | REASON | by Christian Britschgi

By Christian Britschgi, includes “… Perhaps as intended, the checks are forcing Newsom's Republican opponents … to perform some awkward political contortions as they try to criticize the governor without coming out against free money..”

Treasury rescue won’t bail out Chicago, New Jersey from debt

MAY 13, 2021 | YAHOO FINANCE | by Shruti Singh, Amanda Albright

Bloomberg story by Shruti Singh and Amanda Albright, includes “… In a surprise to some, these funds can’t be used for debt payments … For states such as Illinois that want to use the money for debt repayment, the large amount of federal aid still gives them ‘ample’ opportunity to do what investors want to improve creditworthiness, said Ty Schoback "

The $392,000 lifeguard: ‘Baywatch’ as union shop

MAY 13, 2021 | THE WALL STREET JOURNAL | by Adam Andrzejewski

By Adam Andrzejewski, includes “Being a lifeguard isn’t easy, but in Los Angeles it can be lucrative. Auditors at OpenTheBooks.com found 82 county lifeguards earning at least $200,000 including benefits and seven making between $300,000 and $392,000. … After 30 years of service, they can retire as young as 55 on 79% of their pay.”

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