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Fair Way Funding

Congressman McGovern to GOP: Let's be 'fair and balanced' in media funding

Congressman Jim McGovern(MA-3) says on the floor that defunding NPR because the content isn't agreeable is a 'lousy' way to make ...

Editorial: Yes to Prop 443, a fair, smart way to be responsible ...

As a reader wisely told us this past week, “Never choose a candidate by a sign; choose them on their character, intelligence, and listen to their opinions on important issues.”

This is true for candidates, and also when choosing a position on Proposition 443.

This ballot measure from the City of Prescott will ask voters on Aug. 29 for a 0.75-percent sales tax increase (for 10 years, or until the city’s “unfunded liability” with the PSPRS reaches $1.5 million) to help pay down the more than $78 million in debt it has with the Public Safety Personnel Retirement System.

The Daily Courier Editorial Board is unanimously in favor of this measure.

In the past few years, since the unfunded liability surfaced, opinions on both sides of the issue have emerged – many being unsubstantiated and unreasonable, even resorting to fear tactics, mostly from the anti-side.

One example of a false fear tactic is the claim that the city did not pay its bill to the state for years, and fell behind. In fact, it was the state PSPRS board that gambled in land speculation prior to the Great Recession and lost on its investments when markets tanked – taking the pension fund from 120-or-more percent funded to less than 50 percent overall. Thus, each entity (city, county or district) has a debt responsibility to keep its portion of this constitutionally-protected system solvent.

The Telegraph | Leaders talk, support 'fair' school funding bill at town ...

GILLESPIE — Amid the state governor’s latest vow against a school funding bill and days of fruitless special sessions by state legislature, education supporters continued to rally Thursday in an effort to get schools a desperately needed fair funding plan.

For several years, Senate Bill 1 (SB1) has been in the works and was passed by both state chambers back in May. The bill aims to deliver a funding formula that works for the statewide school funding issue, distributing funds to those with the most need. This was the driving theme for a town hall meeting held Thursday, where a mass amount of facts were shared to the public from different points of view.

State Sen. Andy Manar, state Rep. Christian Mitchell and Comptroller Susana Mendoza joined school district superintendents Joe Tieman of Gillespie, Brad Skertich of Southwestern and Dan Cox of Staunton to discuss what they say is a “broken” school funding system. The meeting was set at Gillespie High School, discussing the troubles schools are facing to stay afloat financially and the solution for the statewide funding crisis, SB1, which puts an evidence-based model in place allowing funds allocated in the recently passed state budget to be distributed.

In what way do you think the Fed is being fair / unfair re:AIG 'emergency funding'?

Fair, not unfair
Had they not stepped in to prop up AIG there would have been devastating negative consequences in the international capital markets. AIG insured many mortgages which are in default.