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August 2011

Pension Plan Reform in Virginia 		Pension Plan Reform in Virginia — By Robert C. Carlson 

The Virginia Retirement System (VRS) faces an unfunded actuarial accrued liability of about $17 billion, and many view the cost of defined benefit retirement systems like VRS as unsustainable in future years. This new study explores ways to reduce costs -- including a hybrid plan combining both a defined benefit and a defined contribution plan. Read It Here!

June 2011

Subsidized Luxury in Fairfax County 		Subsidized Luxury in Fairfax County — At a time when taxpayers and local governments are pulling in their belts, should "affordable housing" in Fairfax County include swimming pools, exercise facilities and billiard rooms?  This new report underscores three subsidized  "afffordable housing" sites in Fairfax County with amenities far above those available to most ordinary Fairfax County taxpayers ... and offers several suggestions for change.  Read It Here!

May 2011

Focus On Results for Smarter Government Budgeting 		Focus On Results for Smarter Government Budgeting — By Leonard Gilroy  Fiscal crises inevitably yield difficult choices for policymakers as they seek ways to reduce spending.  there are surely some functions government can stop providing ... but the traditional budgeting process fails to offer meaningful guidance on where to start.  With the budget essentially on autopilot, Virginia's state and local governments need a better approach. (5/6/2011)   Read It Here!
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