Rediscovering the ACC's Roots: Returning to the Original Purpose of the Arizona Corporation CommissionPosted on May 18, 2010 | Type: Policy Report | Author: Benjamin Barr
The Arizona Corporation Commission was established through the state constitution to regulate corporations, public utilities, securities, and other investments. But in an unprecedented move, the Arizona Corporation Commission sought to single-handedly determine alternative energy policy in Arizona with a bold and unconstitutional energy mandate in 2006. This mandate forced energy producers to embrace state-favored alternatives instead of deciding for themselves which options are most attractive in Arizona.
Put Arizona on a Real Budget: New Spending Limit Can Restore State's Fiscal HealthPosted on April 29, 2010 | Type: Policy Report | Author: Byron Schlomach
As recently as 2006, state revenue was climbing nearly 17 percent per year and few imagined that Arizona could be facing today’s financial crisis. Flush with cash, the state had three consecutive years of double-digit spending growth.
Citizens United v. Federal Election Commission: A Case for Limiting Campaign Finance RegulationsPosted on April 06, 2010 | Type: Policy Report | Author: Nick Dranias
In Citizens United v. Federal Election Commission, the U.S. Supreme Court considered whether the federal government could prohibit a nonprofit corporation from showing a movie that criticized presidential candidate Hillary Clinton within 30 days of an election. Answering “yes” would have declared censorship of political speech is appropriate under the First Amendment.
$50 Billion Tidal Wave: How Unfunded Pensions Could Overwhelm Arizona TaxpayersPosted on March 31, 2010 | Type: Policy Report | Author: Andrew Biggs
In a period when financial markets and institutions have appeared near collapse, the accounting methods used by public employee pensions effectively ignore risk. These accounting methods, which are used by public pensions in Arizona and around the country, allow pension fund managers to assume that high returns can be earned through stocks and other investments without taking any market risk. As a result, the true market value of Arizona pension shortfalls that must be funded by taxpayers is understated by around half of what the pension funds have reported.
Making Welfare Work: Reforming Arizona's Welfare System to Help Families and Save MoneyPosted on March 04, 2010 | Type: Policy Report | Author: Katherine K. Bradley
Like many states, Arizona is grappling with a historic budget shortfall and faces complex decisions about what programs and services to reduce or eliminate. In response to the 2010 budget, the Arizona Department of Economic Security (DES) made a series of cuts, including $13.5 million in the Cash Assistance welfare program. The state was wise not to cut welfare-to-work programs that are designed to move recipients off the welfare rolls and into self-sufficiency. Arizona should consider additional no-cost policies that would further save the state money and increase the number of people leaving welfare for gainful employment.