State of Alaska will probably show municipal PERS/TRS liabilities as a state liability

Probably the most noteworthy tidbit to come out of the Senate Finance Committee hearing from Tuesday, Jauary 29, was OMB Director Karen Rehfeld’s statement in response to a question from Sen. Hoffman.  Sen. Hoffman asked if there is any plan by the administration to address the issue raised by the new GASB (Governmental Accounting Standards Board) rule requiring local governments to declare PERS and TRS liabilities on their balance sheets.  Ms. Rehfeld said...


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