There is a 209 million dollar surprise around the corner 2 June, 2007
Posted by stoptaxing in Uncategorized.trackback
The state of Delaware, like most governments has been underfunding its future employee benefits according to S&P by a tune of $209,000,000. (to understand the issue follow this link http://www.gasb.org/project_pages/opeb_summary.pdf ) The government accounting standards board has a new rule to pressure governments to give an honest accounting as has been done with the private sector. Taxpayers should know what they are on the hook for. We support honest accounting; GASB statement 45 is a start.
SoTOP:
I covered this last week and still have not heard back from my delegates about it. http://blog.alancoffey.com/?p=61
It is amazing how quick they go quiet when issues like this are involved. They will fix a road in a second, but taxation, OVERtaxation? Fugetaboutit.