An analysis of state and local government

Over 60 percent of state and local government union workers have a four-year college degree or more education, compared with one-third in the private sector. Throughout much of andcollections were stymied in certain states by sagging energy and crop prices, and nationwide by weak wage growth.

Requiring governments to report their original budget in addition to their revised budget adds a new analytical dimension and increases the usefulness of the budgetary comparison. Paragraphs 2 and 3 discuss the applicability of this Statement. State and local government workers constitute the largest subgroup It establishes that the basic financial statements and required supplementary information RSI for general purpose governments should consist of: Internal service funds also should be reported in the aggregate in a separate column on the proprietary fund statements.

However, we believe that the information will be important—in the interest of accountability—to those who are aware of, and perhaps made decisions based on, the original budget.

Most governmental utilities and private-sector companies use accrual accounting. North Dakota remained the leader among all states in tax revenue growth since the recession, although its collections have dropped dramatically since the plunge in oil prices.

Required proprietary fund statements are a statement of net assets; a statement of revenues, expenses, and changes in fund net assets; and a statement of cash flows. Just one additional state was down more than 15 percent from its previous peak: Prepared using the economic resources measurement focus and the accrual basis of accounting, these statements should report all of the assets, liabilities, revenues, expenses, and gains and losses of the government.

Phase 3 governments are encouraged to report infrastructure retroactively, but may elect to report general infrastructure prospectively only. By stripping unions of their ability to collect fair share fees, a decision for the plaintiffs in Janus would hurt all state and local government workers by impeding their ability to organize and bargain collectively.

That may be more difficult in states where tax revenue remains below its previous peak. These statements should also report capital contributions, contributions to permanent and term endowments, special and extraordinary items, and transfers separately at the bottom of the statement to arrive at the all-inclusive change in fund net assets.

Summaries / Status

As states regain fiscal ground lost in the recession, policymakers face pressure to catch up on investments and spending postponed because of the downturn.

When implemented, it will create new information and will restructure much of the information that governments have presented in the past.

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These government-wide financial statements will help users: Results for Florida, Illinois, and Virginia reflect several years of newly revised data from the Nelson A.State and Local Government Debt Congressional Research Service Summary The financial consequences of the recession that spanned from December through June.

North Carolina Department of State Treasurer \ State and Local Government \ Local Fiscal Management \ Financial Analysis Tools \ Analysis-by-Population. Analysis by Population for Municipalities and Counties Certain demographic information also is obtained from the State and Local Government Finance Division debt records.

Fiscal 50 builds on data from U.S. government agencies, the Nelson A.

Fiscal 50: State Trends and Analysis

Rockefeller Institute of Government, the National Association of State Budget Officers, the National Governors Association, and Pew’s own research. Differences can be expected between certain fiscal data used in this analysis and data compiled and used by states for.

Basic Financial Statements—and Management's Discussion and Analysis—for State and Local Governments It should provide an analysis of the government's overall financial position and results of operations to assist users in assessing whether that financial position has improved or deteriorated as a result of the year's activities.

In. Source: EPI analysis of Current Population Survey Outgoing Rotation Group microdata and Labor Research Association data. State and local government union-represented workers are less likely than workers in the private sector to have immigrated to the United States: Inpercent of private-sector workers said they were foreign-born.

22 | analysis analysis by the legislative analyst continued 31prop state budget.

State and Local Government Financial Analysis and Management

state and local government. initiative constitutional amendment and statute. 30

An analysis of state and local government
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