May 31, 2012

Gallogly: Discount Rates and the Oversight Spotlight

Dept. of Revenue Director Gallogly comments on pension issues and communities on the brink of state oversight.

Posted by Justin Katz at 10:36 AM
Ocean State Current

Tax Credits Need Transparency

Channel 10's Bill Rappleye interviews Justin about hidden profits from tax credit programs.

Posted by Justin Katz at 7:34 AM
Ocean State Current

May 30, 2012

With Budget Commission, Woonsocket Deficit Problem Nearly Doubles

Addressing city's pension shortfall, Woonsocket budget commission faces another $7 million annual deficit, addressing $46 million gap over five years.

Posted by Justin Katz at 11:50 AM
Ocean State Current

May 29, 2012

05/29/12 - Joint House & Senate Finance Committees

Justin writes live from a joint House & Senate Committee Hearing on casino legislation.

Posted by Justin Katz at 5:07 PM
Ocean State Current

The Real Disconnect in the "Skills Gap"

Continuing talk of the "skills gap" in RI's labor force (with the call for more resources) further defines the extent to which advocates are on the wrong path entirely.

Posted by Justin Katz at 1:00 PM
Ocean State Current

The Current Week 05/21/12 - 05/28/12

A weekly roundup of Ocean State Current content.

Posted by Justin Katz at 12:00 PM
Anchor Rising

Woonsocket's Unique Pension Woes Prove Deeper Problems

As public officials debate the appropriate next steps for Woonsocket, the city's local pension plan provides an example for caution.

Posted by Justin Katz at 10:07 AM
Ocean State Current

May 28, 2012

Memorial Day, 2012: Until the Best of Us

A Memorial Day reflection in verse.

Posted by Justin Katz at 10:12 AM
Ocean State Current

May 25, 2012

Table Games: A Big Change for a Sliver of Improvement

The state government's negotiated take from proposed casino games at Twin River and Newport Grand would provide a sliver of relief from a swath of loss and may not be worth the shift to full-scale casinos.

Posted by Justin Katz at 3:14 PM
Ocean State Current

052412 - House Floor Debate, S2872 Woonsocket Tax Recommit - Video

Video of Rep. Lisa Baldelli-Hunt moving to recommit S2872, an act authorizing a supplemental tax increase in Woonsocket.

Posted by Justin Katz at 9:46 AM
Ocean State Current

Despite DE Status, RI Will at Least Receive $500 Minimum Tax from 38 Studios

Despite legally residing in Delaware, 38 Studios will be subject to Rhode Island's $500 minimum corporate tax.

Posted by Justin Katz at 7:43 AM
Ocean State Current

May 24, 2012

Rhode Island Cities and Towns, Where They Are and Where They've Been, Part 3

The final part of this series groups communities by income and population change, finding clear distinctions suggestive of different strategies for moving the state forward.

Posted by Justin Katz at 1:35 PM
Ocean State Current

In (Partial) Defense of the RI Mainstream Media

News media too often goes for the flash, but Justin suggests that the impulse begins with the audience.

Posted by Justin Katz at 9:04 AM
Ocean State Current

May 23, 2012

Putting the EDC in the Wind Farm Business

A quasi-public wind farm proposal is still flying below most Rhode islanders' radar and changing shape from month to month, the latest idea being to make it a subsidiary of the EDC.

Posted by Justin Katz at 4:37 PM
Ocean State Current

Rhode Island Cities and Towns, Where They Are and Where They've Been, Part 2

Part 2 of The Current's long-running review of population and employment data assesses population, employment, and income trends across the cities and towns to develop a sense of how communities are shifting.

Posted by Justin Katz at 1:50 PM
Ocean State Current

May 22, 2012

Rhode Island Cities and Towns, Where They Are and Where They've Been, Part 1

The Current's long-running review of population and employment data can lead to better understanding of who is being affected by public policy in Rhode Island and how. Part 1 reviews how the cities and towns compare right now.

Posted by Justin Katz at 12:32 PM
Ocean State Current

May 21, 2012

Policing for Profit, from Google to the Little Guy

An example of civil asset forfeiture in Northern Massachusetts adds punctuation to Justin's concerns about the local forfeiture windfall taken from Google.

Posted by Justin Katz at 1:40 PM
Ocean State Current

State in Decline, Employment in RI Cities and Towns: Westerly

Westerly's unemployment rate is better than RI's, but the reason appears to be the willingness or ability of its residents to drop out of the labor force when they aren't working.

Posted by Justin Katz at 7:21 AM
Ocean State Current

The Current Week 05/14/12 - 05/18/12

A weekly roundup of Ocean State Current posts.

Posted by Justin Katz at 4:00 AM
Anchor Rising

May 18, 2012

Rhode Island Doubling Down in Risky Economic Development

38 Studios has brought into stark relief the problems of government-run economic development.

Posted by Justin Katz at 2:59 PM
Ocean State Current

RI Sees Largest Year-Over-Year Employment Decline

Not only has RI's sharp drop in employment continued, but its trend is increasingly opposite that of the nation.

Posted by Justin Katz at 10:44 AM
Ocean State Current

Raimondo Raises Concerns About Central Falls Transfer into MERS

General Treasurer Gina Raimondo expresses concerns about a bill to bring Central Falls and other struggling pension systems into MERS.

Posted by Justin Katz at 8:48 AM
Ocean State Current

May 17, 2012

05/17/12 - Committee on Finance

Justin writes live from the RI Senate Committee on Finance, including Central Falls retirees and a path to MERS.

Posted by Justin Katz at 4:48 PM
Ocean State Current

Senator's Wife Caught Up in RI Licensing

Sen. John Tassoni's wife lacked a license for her day care center, but he won't comment about whether RI's licensing regulations are too burdensome.

Posted by Justin Katz at 2:20 PM
Ocean State Current

Common Sense and the Google Windfall

Using a police windfall award to (possibly) eliminate pension problems may seem like common sense, but when the dynamics of government are considered, Justin suggests rationality goes in the other direction.

Posted by Justin Katz at 12:30 PM
Ocean State Current

State in Decline, Employment in RI Cities and Towns: Richmond

Richmond has the second lowest unemployment in Rhode Island, but its longer term trends are arguably the healthiest.

Posted by Justin Katz at 7:51 AM
Ocean State Current

May 16, 2012

The High Cost of Mandates, Wind, and Energy

Rhode Island has the seventh highest energy costs, and renewable energy standards are a likely contributor.

Posted by Justin Katz at 11:53 AM
Ocean State Current

State in Decline, Employment in RI Cities and Towns: North Kingstown

North Kingstown's low-for-RI unemployment rate disguises a town that hasn't grown much and now has an historically low number of employed residents.

Posted by Justin Katz at 7:37 AM
Ocean State Current

May 15, 2012

A Little Perspective on the 38 Studios "Hook"

It is definitely a matter of concern that 38 Studios may cost RI some large portion of the debt that it guaranteed, but Justin suggests a little perspective might be in order to learn from the experience.

Posted by Justin Katz at 4:09 PM
Ocean State Current

One Group Leaving RI: Young, Single, and College Educated

During no period, from 1965 to 2000, did young, single college graduates increase in number in Rhode Island, according to the U.S. Census.

Posted by Justin Katz at 2:06 PM
Ocean State Current

"Did You Know" All Presidential History Points to Obama?

President Obama's staff has been promoting his agenda on the biographical pages of previous presidents.

Posted by Justin Katz at 12:32 PM
Ocean State Current

Backstopping and Insulating Local Pensions via Legislation

Legislation bringing Central Falls and other municipalities into MERS limits pension cuts to 25% and may set precedent for repeated state bailouts.

Posted by Justin Katz at 10:36 AM
Ocean State Current

State in Decline, Employment in RI Cities and Towns: New Shoreham

New Shoreham's March unemployment of 29.5% (not seasonally adjusted) is high by any measure, but it may be more concerning that both summer peaks and winter troughs have been lower than any time since 1994.

Posted by Justin Katz at 7:36 AM
Ocean State Current

May 14, 2012

Marriage and the Rule of Law

In the name of encouraging more accurate thinking on marriage policy and encouraging concern that methods of imposing it could erode our rule of law, I've offered a quick analysis of Gov. Chafee's executive decree.

Posted by Justin Katz at 10:21 PM
Anchor Rising

State in Decline, Employment in RI Cities and Towns: Narragansett

At 8.5% (not seasonally adjusted) Narragansett's unemployment rate is low, for RI, but the reason is that its labor force adjusts more than usual to gained and lost employment.

Posted by Justin Katz at 2:36 PM
Ocean State Current

Government Second Only to Finance for Fraud

Government and public administration has moved up to 2nd on a list of fraud-prone industries, with health care and education climbing quickly.

Posted by Justin Katz at 12:08 PM
Ocean State Current

Science and Religion Winding Through a Summer's Day

A Portsmouth Institute conference on science and religion, this June, will allow a welcome diversion into weightier matters.

Posted by Justin Katz at 10:00 AM
Anchor Rising

The Current Week 05/04/12 - 05/18/12

This week's roundup of Ocean State Current content.

Posted by Justin Katz at 7:53 AM
Anchor Rising

Fiscal Oversight as a Path to MERS, Central Falls and Beyond

A bill by Sen. Crowley and the Dept. of Revenue would allow cities and towns to use the state oversight process to move retirees into the state-run MERS pension system.

Posted by Justin Katz at 7:45 AM
Ocean State Current

May 12, 2012

Moving Forward, Double Dip or Not

The specter of a double-dip recession brings into stark relief, for Justin, the lack of vision among those leading the state.

Posted by Justin Katz at 11:07 AM
Ocean State Current

May 11, 2012

Kauffman/Thumbtack: RI Small Business Friendliness an F

In keeping with past experience, Kauffman/Thumbtack study finds RI to be dead last in the nation for small business friendliness.

Posted by Justin Katz at 12:55 PM
Ocean State Current

Clarification on Pension Projections

The General Treasurer's office clarifies, for the Current, a chart showing a brief period of pension investment returns below expectations.

Posted by Justin Katz at 10:02 AM
Ocean State Current

Taxpayers have control over their bills, and the schools have options

Proposed Tiverton school budget up 58% since 2001; student enrollment down 14%. Per student, that's an 84% increase.

My letter:
The Herald News
The Sakonnet Times
The Newport Daily News

Posted by Justin Katz at 8:13 AM
Letters & Op-Eds

State in Decline, Employment in RI Cities and Towns: Hopkinton

Hopkinton grew, in population and economically, over the last decade, but since 2010, employment has stagnated as the labor force recedes.

Posted by Justin Katz at 7:58 AM
Ocean State Current

May 10, 2012

A Math Technique Custom Made for Government

New methods of math education remind Justin of the math that professionals and politicians are using, even now, to conceptualize pension funds.

Posted by Justin Katz at 2:45 PM
Ocean State Current

Re: The Nanny State, Part 3, But...

The urge to help children is noble, but taking easy shortcuts (i.e., passing laws) is a dangerous expression of the sentiment.

Posted by Justin Katz at 12:55 PM
Anchor Rising

State in Decline, Employment in RI Cities and Towns: Exeter

Throughout the '90s and most of the last decade, Exeter was on a path of growth, but 2007 brought an end to employment increases, and 2008 lost jobs. Now, the town's unemployment rate is 12.2% (not seasonally adjusted).

Posted by Justin Katz at 7:38 AM
Ocean State Current

May 9, 2012

Rhode Island, nos trata a todos como extraños

Al igual que un conductor que no sabe donde los edifi cios que solían ser, los que no conocen los canales secretos del gobierno de RI tienen tres opciones

Posted by Justin Katz at 3:18 PM
Ocean State Current

RI 14th Most Licenses for Low/Mod-Income Professionals; 22nd in Overall Burden

RI requires licenses for the 14th highest number of lower-income occupations in the U.S., imposing the 22nd greatest overall burden, disproportionately affecting men and minorities, whom the recession has hit hardest.

Posted by Justin Katz at 1:27 PM
Ocean State Current

State in Decline, Employment in RI Cities and Towns: Charlestown

Charlestown's unemployment puts it well above the overall rate for the state and results from more than four years of continual employment declines.

Posted by Justin Katz at 7:37 AM
Ocean State Current

May 8, 2012

05/08/12 - Tiverton School Committee Meeting

Justin liveblogs from a Tiverton School Committee that promises controversy over tactics used while advocating for particular budgets.

Posted by Justin Katz at 10:21 PM
Ocean State Current

Various Lifestyle Stories Vaguely Related (Taking Our Treats Away)

A jumble of news and commentary headlines leads Justin to wonder where the cause and effect lie in entitlement and nanny-statism.

Posted by Justin Katz at 3:46 PM
Ocean State Current

Tax Breaks for the Trendy, Not the Ordinary

Tax breaks for artists raise the question of why all Rhode Islanders shouldn't have more control over their own destinies

Posted by Justin Katz at 10:00 AM
Ocean State Current

State in Decline, Employment in RI Cities and Towns: Woonsocket

Woonsocket's number of employed residents has never been lower, in the 22 years of DLT data, and the only thing keeping its unemployment rate steady is the rapid decrease in labor force.

Posted by Justin Katz at 6:38 AM
Ocean State Current

May 7, 2012

Shrinking Government? Not Quite.

The New York Times' claim that President Obama has shrunk government shrivels under examination.

Posted by Justin Katz at 8:39 PM
Ocean State Current

Transportation Infrastructure: Making a High Priority Low

Local transportation funding is vulnerable to federal vicissitudes because it is entirely federal dollars build on a bed of local borrowing. That ought to raise questions among voters about the management of the state.

Posted by Justin Katz at 4:38 PM
Ocean State Current

Medicaid Waiver Reform Saved Tens of Millions, Although ObamaCare/ARRA Curtailed Savings

Despite some local journalists' reports, RI's Medicaid Global Waiver reform has saved $55.2 million within the first year and a half of implementation, and would have saved more but for ObamaCare and federal stimulus legislation.

Posted by Justin Katz at 12:34 PM
Ocean State Current

State in Decline, Employment in RI Cities and Towns: Smithfield

Smithfield's unemployment rate has improved a little since 2010, but the reason is that its labor force has fallen off while its number of employed residents has mostly stagnated.

Posted by Justin Katz at 8:01 AM
Ocean State Current

The Current Week, 04/30/12-05/04/12

A (relatively light) weekly roundup of Ocean State Current content.

Posted by Justin Katz at 7:59 AM
Anchor Rising

May 4, 2012

State in Decline, Employment in RI Cities and Towns: Scituate

Scituate's employment and population trends aren't far from the typical RI town, and its not-seasonally-adjusted unemployment rate is below the state's overall number. However, the town has been on a consistent downward drift for a number of years.

Posted by Justin Katz at 8:00 AM
Ocean State Current

May 3, 2012

State in Decline, Employment in RI Cities and Towns: Providence

Although no employment pictures are positive, in Rhode Island, Providence's is a mixed bag. Still, all positive spin must be tempered with the fact that so few of its residents are interested in working, with only 40% actually employed. Its unemployment rate would be around 30% if it were like other cities and towns.

Posted by Justin Katz at 8:00 AM
Ocean State Current

May 2, 2012

State in Decline, Employment in RI Cities and Towns: Pawtucket

Standing in static comparison with other RI cities and towns, Pawtucket's employment statistics are bad, but not state-leading. It's the longer-term view of the city's decline that ought to be a matter of concern.

Posted by Justin Katz at 8:00 AM
Ocean State Current

May 1, 2012

The Technocrats' Deal with the Devil

The intricate machinations suggested by Gary Sasse in the "tax-the-rich" debate raise the question of whether RI can afford the risk (or the wait) involved with technocratic designs.

Posted by Justin Katz at 2:56 PM
Ocean State Current

State in Decline, Employment in RI Cities and Towns: North Smithfield

North Smithfield's unemployment rate of 10.1% (not seasonally adjusted) is largely attributable to the rapid growth of its labor force during the last decade.

Posted by Justin Katz at 9:57 AM
Ocean State Current