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California’s Pension Systems Need To Continue Lowering Return Expectations and Reducing Risk
CalPERS achieved an investment return of 6.7 percent during the latest fiscal year, and similarly, CalSTRS saw a 6.8 percent net return, both short of the 7 percent benchmark established by their managing boards.
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The Shifting Burden and Benefits of New York’s Congestion Pricing Revenue
Unfortunately, the main focus of TMRB seems to be to guarantee that congestion pricing revenue produces at least $1 billion a year.
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Michigan’s Marijuana Regulation Efforts Could Become a Model for Other States
Michigan was able to process and approve its first marijuana license application within 43 minutes.
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California Community Colleges Have $2.7 Billion in Unfunded Retiree Health Care Obligations
As California's community colleges strive to attract students and keep fees low, many are struggling with their high pension and bond costs.
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Credit Rating Upgrade Doesn’t Clear Arizona of its Pension Problems
The state has $27 billion in unfunded pension liabilities today in its four major pension plans.
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How To Make State and Local Budgets More Accountable to Taxpayers
Measuring performance allows policymakers to distinguish policy successes from policy failures.
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More Pension Debt Revealed As Florida Lowers Assumed Rate of Return to More Realistic Levels
Missing the mark on investment return assumptions has added $17 billion to the Florida Retirement System's unfunded liability over the past decade.
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Slight Improvement, But Same Story: Louisiana Teachers’ Pensions Are Still in Trouble
Long-term investment losses have systematically starved TRSL of the revenue it needs to keep the retirement system on track to full funding.
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The American Heart Association’s ‘Quit Lying’ Campaign Spreads Misinformation About E-Cigarettes
The American Heart Association's #quitlying campaign appears more geared toward funding anti-vaping advocacy than balanced, scientific research.
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Remembering Shirley Ybarra
The former Virginia secretary of transportation and Reason policy analyst made many many important impacts on the transportation world.
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Harrisburg’s Water and Wastewater Systems Need Major Investment
With the aging system's poor environmental conditions spilling billions of gallons of sewage, selling or leasing the city’s water systems appears the best way to solve the problems.
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The S&P Ratings System for Charter School Bonds Could Improve Public School Finance
Financial data capture more than dollars and cents and can help reveal trends related to parent satisfaction and even leadership competency.
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How Using Public-Private Partnerships and Ending Sugar Subsidies Could Help Restore Florida’s Everglades
Unneeded policies and subsidies cost consumers between $2.4 and $4 billion annually—to the benefit of large sugar corporations.
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The Potential Consequences of California’s Proposed Split Roll Ballot Measure
The proposal to change Prop. 13 would reduce controls on government, leading to more spending and new problems.
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Trump’s Decision to Back Away From Vaping Ban Is the Right Policy
The decision not to prohibit e-cigarette flavors is the correct public health decision and economic policy.
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E-Cigarette Flavor Bans and Juul’s Decision to Pull Mint Pods Won’t Produce Intended Results
This was not the first time that Juul had voluntarily taken flavors off of the market, but it was a bad decision driven by a government-led panic over vaping.
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Sen. Elizabeth Warren’s Own Family Experience Shows the Need for School Choice
In the same year, one of Warren's children went to private school, the other went to public school. One size does not fit all.
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Maryland and Virginia’s Congestion-Busting Mega-Project
The governors of Maryland and Virginia announced an agreement to rebuild the American Legion Bridge, enabling the completion of America’s largest region-wide network of express toll lanes.
