This is a guest post by Les Richmond, Vice President and Actuary of Build America Mutual (BAM). Credit ratings are the most visible (and sometimes only) independent assessment of the fiscal status of a city’s government – they have a direct impact on borrowing costs and the affordability of infrastructure investments, and they can also
In advance of our annual State of the Cities report, which will be released later this year, this blog series captures speeches given by mayors in 2017. This blog is part four of a four-part series focused on mayoral dialogues and sentiments around the fiscal responsibility of the city and the retirement needs of the
In Washington, news of the latest healthcare reform efforts seem to change by the hour. But it’s been a particularly productive week on the issue, as both Congress and the Administration made moves to implement competing agendas. Here’s a quick recap of what happened: On October 12th, the Trump Administration made two large announcements impacting
This is the second piece in a three-part series about pensions and healthcare. Each piece will include insights gained at different state municipal league meetings across the country. Find the first installment here. The National League of Cities (NLC) was recently back on the road — this time to discuss healthcare. Williamsburg, Virginia, home to
Yesterday, the U.S. House of Representatives narrowly voted to approve the GOP plan to reform the Affordable Care Act (ACA). While the first attempt to pass the reform package, the American Health Care Act (AHCA), was unsuccessful last month, the Administration and House leadership were able to amass a 217-213 victory. All 193 Democrats opposed
Over the past several weeks, there has been increasing concern expressed about the Affordable Care Act’s excise tax, more commonly referred to as the “Cadillac” tax. So I thought I would provide city and town officials with some very simple, straightforward facts about what it is and what it means for your city and town.
Should cities or towns move their retirees off of their existing health care plans and into the Affordable Care Act’s individual marketplace or exchange as a way to bring their fiscal house into order? If you read the New York Times or watch Fox News you might think that cities and towns across America are