When considering bond financing, state and local policymakers should:
Public retirement systems should establish a maximum vesting period of five years for DB plans and one year for employers’ matching contributions to defined contribution or hybrid plans.
States and localities should move toward full funding of their retirement systems.
Due to their regressive nature, raising state and local sales taxes should not be the first choice for increasing tax revenues.
States and localities should include services in the taxable base to reduce regressivity and improve neutrality.
Exemptions from state retail sales taxes should be narrowly designed to reduce their regressive nature and avoid pyramiding.
Congress should mandate the use of the Supplemental Poverty Meas
Policymakers should encourage and promote maximum participation in the electoral process.
Federal, state, and local governments should maintain substantial penalties for violations of campaign finance laws.
Policymakers should expand disclosure requirements for all funds spent on elections or ballot initiatives.