News

News

GFOA is always on the lookout for news items that will be useful for finance professionals, research that might help you do your job better, and legal and regulatory updates you need to know about. Check the GFOA news page for the updates and any relevant GFOA announcements.

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State Health-Care Cost Containment Commission Releases Report

March 18, 2014

The State Health Care Cost Containment Commission, organized by the University of Virginia’s Miller Center, released a report on how the nation’s governors and other state leaders can transform the current health-care system into one that is more integrated, coordinated, patient-centered, and cost-effective.The report aims to jump start state-level action on health-care cost containment as states begin new legislative sessions.

GFOA Comments to Federal Agencies: Proposed Bank Liquidity Requirements Could Have Harmful Impacts

March 18, 2014

On January 31, 2014, the GFOA provided comments to three federal agencies about proposed regulations that could harm state and local government debt issuers. The proposal is intended to make banks more resilient and capable of weathering periods of fiscal stress without direct government intervention by requiring banks to maintain a designated level of high-quality liquid assets. As drafted, however, the proposal fails to classify municipal securities as high-quality liquid assets.