RELEASE: CRI - Center for Economic Policy and Analysis
RE: More trouble ahead for State employees
According to the Boomershine Consulting Group the long bull market has failed to fix public pensions. The simple truth is that the sums owed to retirees are accelerating faster than assets on hand to pay those future obligations. Liabilities of major U.S. public pensions are up 64% since 2007 while assets are up 30%.
Return on pension fund assets were slowed by the "dot.com" bust in 2001 and went South following the 2007-08 recession. Meanwhile, due to the accelerating retirement of the Baby-boomers and longer lifespans, the pool of p
Dear Editor: Contrary to the rhetoric coming out of Dover, Delaware’s economy is doing poorly. And the political establishment has little stomach for meaningful change. THE ECONOMY’S PERFORMANCE EMPLOYMENT: The current annual growth rate of private employment in Delaware is 0.6%, about half the nation’s rate. And 0.6% is the jobs growth rate projected by the Delaware Department of Labor through 2026 and 0.2% is the jobs growth rate projected by the Delaware Population Consortium. The bulk of the jobs being added in Delaware are in industries with lower wages and limited benefits, including restaurants, temporary help, janitorial serv...[read more]
RELEASE: CRI - Center for Economic Policy and Analysis RE: Eliminate the health care CON in Delaware DATE: 5/16/19 In 1974, Congress passed the National Health Planning and Resources Development Act, which made certain Federal funding conditional upon states implementation of Certificate of Need (CON) laws. These laws require those who wish to open new healthcare facilities, expand existing facilities, or even purchase new equipment to obtain state regulator permission. The Delaware Health Resources Board, part of the Delaware Health Care Commission, has responsibility for the CON public review process in the First State. ...[read more]
Change the System not the Standards! By Ron Russo, CRI Executive Director 3/28/2019 In a recent guest column, Atnre Alleyne (Executive Director of DelawareCAN) identified the obstacles faced by many students trying to gain admission to some of the state’s best schools. Nonpublic schools had high tuitions, high performing charter schools had admission preferences, and successful traditional public schools were located in areas with expensive housing. Even if the obstacles were removed there wouldn’t be enough seats for everyone. The solution is to take what makes the successful schools successful and insert it into all tradit...[read more]