Latest
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Michigan Treasury Rejects Two-Thirds of Local Government Requests to Circumvent New Pension, OPEB Reporting Standards
This is just the first part of the 2017 legislation designed to shore up locally administered pension plans.
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How Return Volatility and Cash Flow Effects Impact Pension Funding
There’s a risk of pension plans being underfunded even when its experience matches up with assumptions over a given period of time.
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City of Harvey’s Pension Liabilities Raise Questions on Municipal and State Responsibility
Harvey, a city south of Chicago, appears to be the canary in the coal mine, as more than 200 other municipalities in Illinois face the real possibility of seeing revenue intercepted due to a 2011 state law.
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California Doesn’t Need to Impose More Regulations on Marijuana Growers — Big or Small
Business face significant compliance burdens and the black market is still thriving.
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Improving Detroit’s Public Golf Courses Demands Longer-Term Solutions
Allowing long-term, multi-course lease arrangements is how Detroit can save and improve its golf courses.
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Milwaukee’s High Discount Rate Concealing Long-Term Pension Funding Issues
Milwaukee's retirement system has been consistently using an aggressively high rate of return assumption, overestimating the return on plan assets and creating the possibility for long-term financial trouble.
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Early Positive Results From Colorado’s Pension Reform
S&P Global Ratings announced that it was revising Colorado’s credit outlook from “negative” to “stable” in light of the passage of major reform.
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LAUSD’s Fiscal Crisis Can’t be Blamed on Charter Schools or Declining Enrollment
A new Reason Foundation study finds only 35 percent of LAUSD’s enrollment decline over the past 15 years is due to students going to charter schools.
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Revenue-Risk Concessions Are a Preview of a Future Highway Utility Industry
Highways are a vital public utility, but are not funded and operated like any of our other utilities.
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Pensions and Retiree Health Care Costs Contribute to LA Unified’s Fiscal Woes
A new Reason study finds pension and health care obligations are going to divert a growing proportion of dollars away from public school students and classrooms.
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Five Recommendations to Solve LAUSD’s Looming Fiscal Crisis
The process of right-sizing Los Angeles Unified School District presents an opportunity to lay the foundation for a 21st-century education system that’s productive, agile, and responsive to the needs of students.
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A 2018 Evaluation of LAUSD’s Fiscal Outlook: Revisiting the Findings of the 2015 Independent Financial Review Panel
Los Angeles Unified School District is unique in California and the nation because the size of its projected budget deficits and overall debt dwarfs most other urban school districts.
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It’s Time to Rethink America’s Failing Highways
Our nation’s major roads are effectively a utility like any other. It’s time we treated them as such.
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Rethinking Highways, Misconceptions About Toll Lanes, and Challenging an FHWA Regulation
I’m pleased to announce that this month marks the release of my book, Rethinking America’s Highways, published by the University of Chicago Press.
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The Elusive ‘Epidemic’ of Teen Taping
Few health stories garner so much hyperbolic or uncritical coverage as the claim that e-cigarettes are a "gateway" to smoking.
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Self-Driving Cars Can Deliver Huge Safety Gains If We Resist the Urge to Overregulate Them
While Florida has avoided some of the onerous regulations found in California and Nevada, its current legislation is far from perfect for automated-vehicle testing.
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Permitting is Making Residential Solar Expensive and Reforms can Change That
Instead of the solar mandate, California would be much better served to continue focusing on reducing the cost of permitting and regulation.
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Taking on Homelessness Through Public-Private Partnerships
A “Housing First” program helps the homeless find permanent housing and connects them to the community, health, human, and financial services.
