but they will also learn that they get to keep paying as they get into adulthood for others inability/refusal to adapt to new ways of working/compensation
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
ROTTERDAM School plan cuts staffi ng, keeps classes Facility closures add to savings BY MICHAEL GOOT Gazette Reporter Reach Gazette reporter Michael Goot at 395-3105 or mgoot@dailygazette.net.
Schalmont Schools Superintendent Valerie Kelsey is proposing a $41.6 million budget, which is about $700,000 less than the current year. The savings largely are achieved by closing the Mariaville and Woestina elementary schools and cutting a number of positions. Kelsey cut about $2 million from what the district’s budget would have been if all programs were maintained. Schalmont is facing a $765,000 increase in salaries, a $270,000 increase in its contributions to the Teachers’ Retirement System and $265,000 more for the Employee Retirement System. It is saving $1.3 million with the school closures, including the administrative salaries of principals Brian Hunt and Shari Lontrato, whose jobs the Board of Education on Monday formally voted to eliminate. “They could apply if we had other openings,” Kelsey said. In addition, the superintendent is eliminating a director of curriculum position, which had been vacant since a retirement last year. Kelsey’s budget would cut a total of 21 full-time-equivalent staff members, including all teacher coordinators. It would eliminate middle-school summer school and literacy summer school. Also, the superintendent is seeking to cut 50 percent from the equipment budget, slash $40,000 from the athletics budget and centralize the middle school and high school bus stops. Under this proposal, class sizes would remain the same and all classes and programs would remain intact, according to Kelsey.....................>>>>..............>>>>..................http://www.dailygazette.net/De.....r00901&AppName=1
One Solution not mentioned here are the non traditional options ,homeschoolers, unschoolers, are two very good options. Most of them pay there share of the tax burden and get nothing in return. After meeting many of these families, and they are a diverse population, I see they have a grand idea. Instead of the system fighting against them, maybe some co- operation would work. Maybe some of the PHD's can come up with a cost effective plan where parents can take resposibility for their own offspring. Much of our trouble with "big government" comes from owr own self serving demand for imagined rights. After looking over some of the CAFR reports that are difficult to locate it is obvious that teachers unions are in great shape as writtine in the report They have 80 billion in assets, not bad, so whats the trouble? 1200 bucks per season to "educate" some one. Look up CAFR reports and TRF retirement funds, they list all the off budget items and you will see that collectively government owns about everything. Now if a Retirement fund can be managed effectivly. And be sustainable why do we not apply the same management to taxpayer funded enterprises?
We didnt come this far to get this far. random 12 year old
A slave is someone that waits for someone else to free him. Ezra Pound
but every one needs a rest they need to tend the fields
Bravo to the Schalmont "farmers". Let's see if the City slickers ruining the City can also find $2 MILLION in cuts in a bloated $159 MILLION budget. Doubtful.
One Solution not mentioned here are the non traditional options ,homeschoolers, unschoolers, are two very good options. Most of them pay there share of the tax burden and get nothing in return. After meeting many of these families, and they are a diverse population, I see they have a grand idea. Instead of the system fighting against them, maybe some co- operation would work. Maybe some of the PHD's can come up with a cost effective plan where parents can take resposibility for their own offspring. Much of our trouble with "big government" comes from owr own self serving demand for imagined rights. After looking over some of the CAFR reports that are difficult to locate it is obvious that teachers unions are in great shape as writtine in the report They have 80 billion in assets, not bad, so whats the trouble? 1200 bucks per season to "educate" some one. Look up CAFR reports and TRF retirement funds, they list all the off budget items and you will see that collectively government owns about everything. Now if a Retirement fund can be managed effectivly. And be sustainable why do we not apply the same management to taxpayer funded enterprises?
evolution is the way to go.....we have no choice.....until we are tired of all the chemicals in our food supply that is....when people decide to 'get back to the land' then it will change again....but right now the road is one way.....thanks for the info
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
HISTORY: It has been reported that trillions of collective dollars not shown in government Budget reports are shown through Government CAFR reports and they are virtually never openly discussed by the syndicated NEWS media, both the Democratic and Republican Party members, the House, Senate, and organized public education, and as in such over the last 50 years the domestic and international investment assets of US Federal and Local Governments as a whole have taken over the Stock, Derivative, Insurance, and Debt Markets. The collective private sector’s assets and investments as of 2000 are now insignificant in comparison with what US Government now owns by and through investment.
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With, and being that the CAFR is “the” accounting document for every local government, and with it being effectively “BLACKED OUT” for open mention over the last 60 years, and that this fact of intentional omission of coverage is the biggest financial conspiracy that has ever taken effect in the United States.
First, what is a CAFR? A CAFR (Comprehensive Annual Financial Report) is government’s complete accounting of “Net Worth”. The CAFR was established as local government’s complete accounting record starting in 1946 through the efforts of a private group located out of Chicago, IL by the name of Government Financial Officers Association (GFOA) http://gfoa.org and became mandatory by Federal requirement on all local governments in 1978 to complete if they did not all ready do so.
What Government, both political parties, organized education, and the syndicated News media have presented to the public over that 60 year time period were Budget Reports. A Budget report is strictly planned expenditures for the year from a grouping of specific government service agencies. A budget may also note some statistical, statutory, and demographic data for reference. Most Government budget reports show where “tax” revenue will be used. The CAFR on the other hand is not a projection of one year’s expenditures from a select grouping of agencies, but a complete cumulative record of assets, investments, and gross income from all agencies and all sources benefiting or held by that local government body.
A CAFR is the counter part to the Annual Financial Report (AFR) that publicly traded corporations are required to produce each year and give to every share-holder as a requirement of Securities Exchange Commission (SEC) law. In many cases, a CAFR may show two to three times more income over what is shown in the corresponding Budget Report.
Relevant to taxpayer interests, the CAFR “is” the report for review over a limited showing as seen in the corresponding Budget report. The CAFR could be considered the Bible of asset accounting for any local government body.
So, is the CAFR being “BLACKED OUT” from mention by the syndicated news media and both the Democratic and Republican Party members, and the House or the Senate, and even organized education?
A Google search for CAFR produces over 1,500,000 hits but a Google “NEWS” search for CAFR as of 10/21/06 only produces seven (7) obscure hits of simple mention.
A corresponding “NEWS” search in the archives of the New York Times, LA Times, Chicago Tribune, and Wall Street Journal, which go back in their data banks, several decades showed in combination less than seven hits for CAFR. Here with this disparity the answer for “is there a Black-Out from the Syndicated NEWS” agencies? The answer here would have to be a clear yes.
Have the school districts from across the USA that educate their students on Budgets, who also produce a CAFR each year made simple and basic mention of the CAFR at any point for education of their students of this basic subject? No, they have not. Here does a Blackout exist? Apparently, yes is the answer.
Have elected officials or politicians in or running for office who talk continuously about Budgets openly made mention of the greater report of their local city, county, or State the CAFR, linked them at their web sites, or linked for mention in their news letters over the last 60 years? Virtually not a peep if at all any mention. Here does a Blackout exist? Apparently, yes is the answer.
Are local Government CAFRs sent to all members of the House, Senate, Editors of Local News Papers, News Networks, and Educational department heads? Yes, they have. The printing of the CAFR is a budgetary item requiring records to be kept as to each sending. The before mentioned representatives have been sent the local government CAFR reports relevant to their locale now for over 50 years. Here does a Blackout exist? Apparently, yes is the answer.
Upon overall review of the question: Does a Blackout, and in fact a conspiracy exist towards bringing the CAFR into the light of day for public scrutiny. Based on the clear record over the last 50 years of abstention from the use or mention to the public, the answer here also appears to be a clear yes.
From the over 84,000 CAFR reports produced by local Government each year in combination with Federal Government’s own investment holdings, shows a conservative value of sixty trillion dollars held by Local and Federal Government as of 1999. An example of the holdings shown from just one Government CAFR (NY STATE 2005 RETIREMENT FUND CAFR) shows 133 billion dollars of investments held (Microsoft 44 million shares thereof). http://cafr1.com/NYSR.html
Motive for conspiracy to Blackout the simple mention of CAFR from the public’s realm of comprehension?
ANSWER: The substantial money, Investments, and Power obtained there from and accomplished for those on the inside track could be the most probable answer.
SNOPES.COM – “CAFR SILENCE IS GOLDEN” URBAN LEGEND STATUS AS OF 02/01/07: True
Submitted 10/23/06 and 02/01/07 to Snopes.com through: http://www.snopes.com/cgi-bin/comments/submit.asp ====================================================================== To DOWNLOAD most State CAFRs, some City, County, and School District CAFRs, go to:
Government says their Pensions are 1 trillion Short? Well, looks like it may be time for an education lesson! by Walter Burien - CAFR1.com 02/21/10
If you said you were $40 short on your monthly food budget, what is the first question that comes to mind?
ANS: What is your monthly food budget..
If your food budget was $400 you are short 10%, if $80 then you are short 50%.. Big difference between the two.
This media "promotion" of 1 trillion dollars short has two big pieces of the picture intentionally omitted.
1. What is the "collective" totals under management that they say they are 1 trillion dollars short on?
2. What is the actuarial projection being used whereby they say they are 1 trillion dollars short?
EXAMPLE: If you wanted $100,000 a year at retirement, how much money do you need to put to the side that pays you $100,000 of investment return twenty years from now?
The key factor here is the projected rate of return you anticipate getting from your fund balance. Lets say we use an actuarial projection of a 10% rate of return. That means we must have $1,000,000 (1 million dollars) put aside and at a 10% annual return that gives us our $100,000 a year. But if we projected getting a 5% rate of return that would now make the figure $2,000,000 (2 million dollars). Let's take it one step further. Let's use an actuarial projection of 2.5%, that means we would need $4,000,000 (4 million dollars)
Well, there is a big difference between 1 million dollars and 4 million dollars.
So, under the example above if we at the start used a projection of a 2.5% rate-of-return, had built our balance up with contributions and investment return over ten years to $2,000,000 (2 million dollars) we would be 50% short on our "projected" need to meet our retirement using a 2.5% projected rate of return.
Well here's the kicker.. if "in reality" we were getting a 10% rate of return and adjusted our "actuarial projection" accordingly, we would be 100% over funded..... Get it??? Only $1,000,000 (1 million dollars) needed.
So the ONLY issue when government says they are 1 trillion dollars short is: What are the actuarial projections being used vs . THE REAL RATE of return being accomplished combined with their standing fund balance?
It is VERY important to look at 1, 3, 5, 10, 15, 20 years of performance results to establish a correct actuarial projection that should be used per "projected" rate of return. Keep in mind the local governments own those funds NOT the employees. The employees bought a ticket to ride under contract. They get a set amount at retirement not a penny more. If performance on the fund was up by two or three times what was needed the employees do not get 1c extra, they just have their ticket to ride under specific terms from point "A" to point "B".
The actuarial projections used by the local governments are designed to build up a "power base" for those local governments. With hundreds of billions of dollars under management in each state that is a lot of grease to grease the skids for Corporate acquisitions; real-estate development; massive loans granted; and bond offerings backed. Here the incentive for the local governments is to fudge the actuarial projections used to build up a much bigger power base. Additionally in doing so they give the impression of being short and thus get more money from the employee and take more tax revenue from the public...
On the State level their are many different local government retirement funds. Usually there will be one State retirement fund (usually the largest) and many other local government retirement funds. They are separate from each other but many network together under specialty "private" associations that in consult direct them all as a monopoly of no equal.
As an example from one state New Jersey, here are a few of the primary State funds that are active or closed but still under management. Many local governments from within the state may or may not be participating in these State funds. Other local governments in the state may be managing their own on the local level. When a local government says they are short, again look closely at the actuarial projections used vs. the real rate of returns accomplished over several years. As a rule government employees are just told the actuarial projection used, they are NOT told the real rate of return accomplished... The employees may be told 7% when 16% or 18% may be the reality... as was the case in Washington, Oregon, and Arizona from 1990 to 1999.
Collective totals are massive. Most of the large State pension funds put out a CAFR (Comprehensive Annual Financial Report) for each of their pension funds listing the extensive holdings / investments of each fund.
And per issue #1 above, collective totals from all local and federal pension / retirement funds from the thousands of "separate" accounts, a good estimate of collective totals would be somewhere between 26 to 30 trillion dollars.
I note as these funds grew and were invested over the last eight decades they drove the economy by their capital investment. Did favoritism; fraud; and market manipulations occur as these funds grew? Oh yes, and some examples came to light (very few) and most went in and out with the tide as normal operations masked.
Bottom line? LOOK AND LEARN....,
Do not be played for an easy mark (this applies to both taxpayers AND government employees) The only way to see if you are getting played with false actuarial projections applied is to look first hand and see for yourself. You do NOT ask foxes if they are eating hens from the hen house. The only time you may get a straight answer there is if you are a fox yourself and are part of the pack.
I hope the above also gives you a better understanding of what the site TaxRetirement.com brought forward per the TRF (Tax Retirement Funds). Here the same type of massive investment funds can build with the sole objective being to phase out all taxation generated therefrom. Not lowering taxation but eliminating it.
This can be done utilizing the exact same fund managers currently handling government pensions to accomplish the purpose of tax elimination. If you catch the gist of this can you see how through capital reinvestments coming from the TRFs we then can have a long term"economic stimulus package" of no equal and no taxation? In fact government pensions can be included in with the TRFs and benefits paid therefrom... as well as eliminating all taxation..
Time for a "real" change..? Hopefully you get it and comprehend how this can happen..
The government syndicate needs to be brought under control and have a means of operation that directly benefits the people from the wealth amassed. The principle of operation of the TRFs does just that and allows for transparency and true good intent to come to play..
Truly yours,
IT IS ROSEMARY'S BABY.......it's the unholy copulation of the government and hoffa......
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
* 46 Of 50 States Could File Bankruptcy In 2009-2010 But, are the states really broke? * At least ten years ago, a man named Walter Burien began exposing something called a CAFR: Comprehensive Annual Financial Report. Walter managed to get on a SF radio show hosted by my friend, Geoff Metcalf. It was a real eye opener. Try as we all did, not one newspaper in the State of California would expose the truth of how the taxpayers were being fleeced. Nor would 99% of the radio stations statewide. I guess they all love being flogged every April 15th to reward the thieves in the state house. * I've written about this issue before and perhaps now, with the states crying poor, the citizens of the 50 states will do what I did years ago: I went to the Comptroller's Office in downtown Sacramento and got a copy of the CAFR. Oh, they didn't want to give it to me, but I whipped out my press credentials and after some muss and fuss, I obtained a copy. I am not an accountant so a lot of that tome was foreign to me. However, thanks to Walter and Gerald Klatt, even someone like me can understand this complicated shell game: * What is the Comprehensive Annual Financial Report (CAFR)? By Gerald R. Klatt * "Each year all State and local governments prepare a financial report on assets, liabilities, revenues and expenditures in more or less a standardized format that must conform to the Government Accounting Standards Board (GASB) accounting and financial reporting standards. This financial report is called the Comprehensive Annual Financial Report (CAFR, pronounced "cay-fer"). Most people have heard of the budget, which is the document that plans and authorizes the spending of money. The CAFR describes what actually was spent and the status of assets and liabilities at the end of the fiscal year." * This is Walter's attempt last month to get the intellectually lazy fools at the LA Times to do their job for a change: Evan Halper and Patrick McGreevy Staff reporters - LA Times Evan and Patrick: * Per your article: California controller to suspend tax refunds, welfare checks, student grants. "John Chiang announces that his office will suspend $3.7 billion in payments owed to Californians starting Feb. 1, because with no budget in place the state lacks sufficient cash to pay its bills." * "You say short on CASH, stopping payments in the CA Budget accounting? Well now then, let's take a look at the squirreled away investment, self insurance, and advance liability cash equivalent accounts, and many enterprise operations have as can be examined in the California State and "other" CA local government's Annual Financial Reports known as the CAFR (Comprehensive Annual Financial Report) to see a true standing of CA Government wealth held and growth of these, what can be called nothing other than; "for profit government incorporated entities:" * "Some examples of CAFR reports are as follows: * California Government Category Listings http://www.sco.ca.gov/pubs/index.shtml#stagovrep * "As a guide for you, here is a potential surplus review http://cafrman.com/Articles/Art-CA-S1.htm ... of just "exclusively" for CA State government Inc., conducted in 2004 by Gerald Klatt, a retired Federal Auditor of 30 years that you can use as a guide for a 2009 CAFR review of just CA State Government - and then you can take a look at the some 4,500 other local government AFR's or CAFR's which in composite totals will dwarf the state totals... * "I have sent a CC copy of this communication to Governor Schwarzengger's office for his review also. * "And let us not forget to look and see how much investment wealth local CA governments have standing in a few of the CA government employee "strictly participatory" (employee buys a ticket to ride from point "A" to point "B" on the train but do not own one piece thereof, the local government owns the train), actuarial inflated retirement system wealth accumulation. Are they faring better than the private sector? It appears most definitely yes, and by far... * "What are the trillions of dollars in totals? It is way up there for total CA Government wealth held! Now do the math..... Problem you say? Yes, for the peoples of CA but not so as it appears for the local Governments of California. Learn the "Shell Game" played at your expense." * ... How about this: ''The Dark Side of Illegal Immigration: Nearly One million sex crimes Committed by Illegal Immigrants In The United States.' The cost of incarcerating these animals in state jails and prisons is astronomical. Instead of the states standing up and saying NO to the federal machine and asserting their sovereignty, they simply fleece your wallet. Instead of deporting these millions of illegal aliens (they are NOT immigrants), state legislatures and these governors roll out the red carpet and hand you the huge "pay up" on April 15th. [Note: I don't believe in the idea of "illegal aliens", but I think the injustice of state governments forcing the public to pay for their incarceration etc is worth noting - LUCK.] 1 - Why an Income Tax is Not Necessary to Fund the U.S. Government http://www.devvy.com/notax.html 2 - The right argument on taxes: TAX CUTS, FAIR TAX SCHEMES KEEP PEOPLE HERDED IN THE WRONG DIRECTION http://www.newswithviews.com/Devvy/kidd270.htm
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
Logged
Bravo to the Schalmont "farmers". Let's see if the City slickers ruining the City can also find $2 MILLION in cuts in a bloated $159 MILLION budget. Doubtful.
