BREAKING

GERS

Bryan Open to Securing Bond for GERS Through Public Finance Authority, a Significant Development in…

Ernice Gilbert | June 17, 2021

Governor Albert Bryan said Tuesday that he was open to securing a bond to help fund the Gov't Employees' Retirement System through the Public Finance Authority (PFA) in lieu of a special purpose vehicle (SPV), which senators who voted against Mr. Bryan's debt refinancing plan last year saw as one of a number of sticking points. The refinancing plan had sought to create an SPV and give it control of the Internal Revenue Matching Fund in an effort to win a favorable credit rating to shop the bond market — something the local government had been unable to do in the past with its junk-status credit rating. According to administration testifiers at the time, the Bryan plan received a BBB bond rating by the Kroll Bond Rating Agency, though the ratings agency's credibility was later called into question. Speaking during an hourlong interview with…

Frett-Gregory Drafts Bill to Use $40 Million in Excise…

Ernice Gilbert | June 15, 2021

In what may be one of the most consequential legislation submissions in recent memory because it relates…

A Two-Year Budget Proposal But No Funding For 'Elephant…

Kyle Murphy | June 04, 2021

Senate President Donna Frett-Gregory on Thursday said the lack of funding in Governor Albert Bryan's…

GERS Board Says Pressure Must be Kept on Government…

Ernice Gilbert | May 28, 2021

The Government Employees' Retirement System board chairman on Thursday expressed disappointment that…

Latest

View More...