by Zachary Janowski | Jun 25, 2012 | Features, General
From what I can tell, the New York Times is wrong when it says GASB is getting rid of actuarial smoothing: The board will also do away with the commonplace practice of “smoothing” the value of pension investments, or spreading the recognition of market gains and...
by Zachary Janowski | Jun 25, 2012 | Features, General
The nonprofit board charged with regulating accounting for state and local governments in the U.S. will take up a proposal Monday to change the way the public sector reports on pensions. The Governmental Accounting Standards Board is scheduled to vote on two new sets...
by Zachary Janowski | Jun 22, 2012 | Features, General, Municipal
Sorry, Cheshire. First, Gov. Dannel Malloy gives Cheshire-based Alexion Pharmaceuticals as much as $51 million to move to New Haven. Then the “bubble” over the town pool rips. Luther Turmelle reports for the Register that since 2003 the pool “has...
by Caitlin Landers | Jun 21, 2012 | Features, General, Taxes & Spending
The Department of Developmental Services did not keep proper records of their worker’s compensation files and one woman worked despite being “totally disabled,” according to state auditors. Most of the worker’s compensation files reviewed by the auditors were missing...
by Caitlin Landers | Jun 15, 2012 | It Could Happen Here
The German Parliament is expected to approve new payments to parents of toddlers who keep their kids home in an effort to reduce waiting lists at state-run daycare centers. According to the New York Times, the legislation has been “bundled with other social benefits,”...