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Mixed grades for state budgeting

Truth and Integrit y in State Budgeti ng: What Is the Realit y? 60 Massac husetts Report Card Tra nspare ncy 2015 2016 2017 Category GRADE Consolidated Budget Website Provides Debt Tables Discloses Deferred Infrastructure Replacement Costs Discloses Tax Expenditures 3-year Avera ge 3-year tre nd — Reserve Funds 2015 2016 2017 Category GRADE Positive Reserve or General Fund Balance Reserve Funds Disbursement Policy Reserve Funds Replenishment Policy Reserves Tied to Revenue Volatility 3-year Avera ge 3-year tre nd — Legacy Costs 2015 2016 2017 Category GRADE Public Employee OPEB Funding Public Employee Pension Funding Public Employee Pension Funded Ratio* 62% 3-year Avera ge 3-year tre nd — Budget Ma neuvers 2015 2016 2017 Category GRADE Deferring Recurring Expenditures Revenue and Cost Shifting Funding Recurring Expenditures with Debt Using Asset Sales and Up-Front Revenues 3-year Avera ge 3-year tre nd — Budget Forecasti ng 2015 2016 2017 Category GRADE Consensus Revenue Forecasts Midyear Budget Adjustments Multiyear Expenditure Forecasts Multiyear Revenue Forecasts Revenue Growth Projections 3-year Avera ge 3-year tre nd Budget Forecasti ng evaluates whether and how states estimated long-term revenue and expenditure trends. Budget Ma neuvers evaluates whether states used one-time revenues, borrowings, asset sales, and other measures to achieve short-term budgetary balance. Legacy Costs evaluates whether states provided adequate funding, as defined by retirement system actuaries, for pensions and other promised retirement benefits for public workers. Reserve Funds evaluates states’ rainy day funds and other fiscal reserves, as well as any policies governing their use and replenishment. Tra nspare ncy evaluates the accessibility to the public of states’ budget practices. * Source Pew Charitable Trusts, 2015 Followed best practice Did not follow best practice key

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Posted on November 7, 2017 in Budgets, State

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try #3

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Posted on November 3, 2017 in Select Board matters

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Election Monday

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Posted on June 3, 2017 in Uncategorized

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Memorial Day

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Posted on May 29, 2017 in Uncategorized

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Registry of Deeds in town 6/6

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Posted on May 23, 2017 in Uncategorized

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BoS on 5/23

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Posted on May 22, 2017 in Select Board matters

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BoS on 5/23

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Posted on May 22, 2017 in Select Board matters

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State aid for FY18, so far

20170411-state aid

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Posted on April 11, 2017 in Budgets, Financial, Legislature, State

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3/27 election ballot

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Posted on February 22, 2017 in Elections, Uncategorized

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Election candidates

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Posted on February 9, 2017 in Uncategorized