by Joshua Sharf | 11:59 am, March 13, 2013
We’ve been here before with PERA. Sort of. Most people following the issue remember that in 2000, PERA was over 100% funded, and that its funding ratio has fallen steadily since then. What they don’t know is that back in 1974, PERA was woefully under-funded, at about the same 60% funded ratio that it is [...]
by Joshua Sharf | 11:13 pm, February 16, 2013
Rep. Mike Coffman took a lot of heat for suggesting that perhaps it was time to re-evaluate these priorities, with his words being distorted into an attack on the liberal arts in particular, and higher education in general. Turns out he was onto something. Salary.com recently came up with a list of the 8 College Degrees [...]
by Joshua Sharf | 11:34 am, January 23, 2013
Ultimately, large changes will be needed to keep PERA solvent. But little changes can have an effect, too. Today, the state House Finance Committee will be hearing HB13-1040 from Republican Rep. Kevin Priola: Current law averages the 3 highest annual salaries of a member of the public employees’ retirement association (PERA) when calculating that member’s [...]
by Joshua Sharf | 10:10 am, January 23, 2013
The state Democrats, led by State Senate President John Morse (D-Colorado Springs), are continuing their deeply unserious approach to Colorado’s massive unfunded PERA liability this session. Incoming Speaker of the House Mark Ferrandino (D-Denver) had already indicated as much, first by characterizing those who would seek to deal with the problem as wanting to use [...]
by Randall Smith | 10:30 pm, January 20, 2013
You know there’s a problem when the idea that the Senate will pass a budget is news.
“We Democrats have always intended to do a budget this year,” [Senator Chuck] Schumer claimed, reiterating that the Democrats’ budget will raise taxes while offerin…
by Joshua Sharf | 10:48 pm, December 10, 2012
When sequestration was designed by the Obama administration, the idea was that the required spending cuts would be unpalatable to both sides – cuts to Democrat-favored patronage programs would be balanced by cuts to Republican-favored defense spending. Few of us who supported the debt ceiling deal realized how seriously the deck was stacked against Republicans, [...]
by Joshua Sharf | 8:28 am, November 27, 2012
Yesterday, I wrote about the Jefferson County School District’s use of Certificates of Participation to get around the State Constitution’s requirement for a public vote before issuing general obligation debt. I had forgotten that once upon a time, Denver Public Schools did almost exactly the same thing. The scheme – used widely around the state, [...]
by Joshua Sharf | 10:00 am, October 19, 2012
What makes it so hard to fight the growth of government is its ability to create client groups seemingly at will, with the money of the very people it’s seeking to co-opt. I see it myself all the time at the JCRC, where what had been private, service groups are reduced to begging for scraps [...]
by Joshua Sharf | 7:18 pm, August 15, 2012
Not well. According to its latest Comprehensive Annual Financial Report, PERA has an unfunded liability of $25 billion, up from $15 billion last year, mostly because of a dismal rate of return in 2011, roughly 1.9%. Much of the criticism of public pensions has centered on their unrealistic expected rates of return, 8% in PERA’s [...]
by Randall Smith | 6:00 am, August 15, 2012
It was a slow news day and most of the news was about Congressmen and VP candidate Paul Ryan.
On to the links.
VP candidate Paul Ryan spent a little time in Colorado today. There were a few people there.
Just a remi…keep looking »
- PPC Training for Activists
UPDATE: Something apparently got messed up with the PayPal buttons during this past weekend’s database glitch – fixed now. Yes, it’s that time again — PPC will be conducting training classes for center-right activists on Saturday, April 20 and Saturday, April 27, at Independence Institute in Denver. The tentative class schedule is as follows: Saturday, [...]
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