Alaska Safe Trails has been circulating a petition in hopes of generating public support to prohibit trapping in a few areas in the Mat-Su: The Crevasse-Moraine trail system, the Government Peak recreational trail system, and Borough Core area schools. Mitchell said the petition had about 100 signatures in three days.
Rob Duke's insight:
Yup, things necessarily change as a population grows....
Austin's Mueller neighborhood is a new-urbanist dream, designed to be convivial, walkable and energy-efficient. Every house has a porch or stoop, and all the cars are hidden away.
After moving here, respondents said, they spend an average of 90 fewer minutes a week in the car, and most reported higher levels of physical activity. The poll results seem to validate new-urbanist gospel: good design, like sidewalks, street lighting, extensive trails and parkland, can improve social and physical health. Part II: A Texas Community Takes on Racial Tensions Once Hidden Under The Surface.
Tags: housing, urban, planning, urbanism, unit 7 cities, neighborhood, podcast.
In Edmonton, people might just start to use their skates to commute in the future. Citizen Matt Gibbs wants to inspire the Canadian city to develop 10 kilometers of inner city ice skating infrastructure.
Gov. Bill Walker’s administration is pulling back from initial proposals to more aggressively invest Alaska’s billions of dollars in savings. Instead, as deficits eat into those accounts, it is now looking at investing even more cautiously in the future than previous administrations.
Rob Duke's insight:
Safety, Liquidity, then Yield (SLY). That's the mantra of investing public funds.
However, having said that, he arbitrage plan suggested isn't unusual. Many states use Temporary Revenue Anticipation Notes (TRANs) in order to normalize cash flow for revenue streams that are anything but regular (i.e. taxes). A side benefit is that you invest money borrowed at tax free government rates and hold the money in taxable rate accounts. The IRS allows this for periods under a year. So, you might take a TRAN in December and immediately reinvest 50% in 120 day CD's, 25% in 90 day CD's and 25% in 60 day CD. You collect market rate interest until the funds mature and then you use them to meet expenses during the months when you anticipate expenses will exceed revenue. The other benefit to this strategy is that all of your long-term investments stay out in their investment pool making better returns.
Furthermore, it's also smart to be shipping these short term funds in the State's cash accounts out overnight to collect a basis point or so of interest--this adds up over the years; and, the State should have sweep accounts where all claims (checks) against the state's assets collect for the day while the state's money stays in interest accruing accounts, then at the end of the day, the exact amount needed to clear those liabilities is transferred into the account and any balance is swept back to the overnight fund account.
These are marginal strategies, but a few basis points here and there add up to a few position's salaries; or capital projects each year.
To evaluate the arbitrage plan of investing $5 billion in the stock market, I'd refer back to the rule at the top of the page. With what you know today, could you invest in stocks and comply with SLY? Most likely not. In hindsight you can see opportunities lost, but that can't outweigh the risk of having a catastrophic loss of public funds. There are need people, public safety, public health, infrastructure, and pensions riding on those funds and we're entrusted with making sure those funds are there when needed. You can't do that when you focus on Yield as a primary goal of public investment.
A draft advisory opinion, prepared by Alaska Public Offices Commission Executive Director Paul Dauphinais, says fulltime employees working under the title of policy analyst in the governor's office would be required to file public official financial disclosure statements.
Rob Duke's insight:
If the law is unclear, then change the law. Anyone who has an official role in setting policy must disclose their conflicts. That's how conflicts are controlled: through sunshine.
Gov. Bill Walker’s nominee to the state Board of Fisheries says he can be impartial despite his past work on behalf of commercial fishermen, even as several lawmakers here said he’ll face a difficult confirmation battle.
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