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Subscriber Special - Forbes study uses OpenTheBooks data

December 28, 2015 11:57 AM
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Forbes study uses OpenTheBooks data
 
Does your state have more takers than makers? Check it out.
William Baldwin | Forbes Finance Journalist
Editor of Forbes Magazine (1999-2010)
 
 
 forbes_logo
WHICH ARE DEATH SPIRAL STATES?
By William Baldwin | Forbes | December 22, 2015
 
William Baldwin scored each of the 50 States using his 'FeedMe' ratio: state clients  (number of public pensions, public employees, and welfare recipients)  vs. private sector workers (taxed to pay for it all).
 
Click here to visit the interactive map at Forbes. What's your state's FeedMe score?  (Six states score over 100 – meaning 'takers' exceed 'makers.')
 
 
map
 
FORBES INTERACTIVE MAP - features the FeedMe Ratio plus a 
'Fast Fact' on state and local spending in each of the 50 States 
from our online database at OpenTheBooks.com. 
Sources: OpenTheBooks, Forbes
 
 
 
Here are samples of state FeedMe scores and OpenTheBooks facts:
 
Illinois - score 81.5:  By 2017, at least 10,000 retired educators will be getting $100,000+ pensions. 
 
New York - score 108.3: Ten Port Authority cops got $309,000 or more in pay in 2014. A librarian in Queens got $391,594, and an elevator mechanic supervisor for the city got $346,427. 
 
California - score 114.3: In Newport Beach, lifeguard compensation ranges up to $211,912. 
 
Florida - score 69.2: A City of Apopka manager got $510,296 in final year compensation and then started collecting two city pensions. 
 
A score over 100 means that there are more 'takers' than 'makers.'
 
 
Across America, we investigated state and local spending captured within our database at OpenTheBooks.com. Then, we provided the 'fast fact' for each of the 50 States. 

What did we miss? Search our state-by-state data at OpenTheBooks.com, or use our mobile app, Open The Books. It's free in the App Store and Google Play store.
 
 
Stay tuned. OpenTheBooks has more cool stuff coming in early 2016!
 
Please join our movement and subscribe to our email list, click here.
 
JOIN THE TRANSPARENCY REVOLUTION.  IT'S YOUR MONEY!
Adam
        
Adam Andrzejewski (say: Angie-f-ski)
Founder, OpenTheBooks.com 

Matthew Tyrmand
Deputy Director
 
PS. Our new video describes how our data and technology can help you stop government waste!  Watch it here.
 
Help fund our movement with a special Crowdfunding donation of $1, $50, $100, or more,  please click here.    
  • $1 or more receives our OpenTheBooks bumper sticker
  • $50 - $74 receives a cotton OpenTheBooks.com baseball cap
  • $75 or more receives a hardcover copy of U.S. Senator (retired) Dr. Tom Coburn's book, The Debt Bomb.
 
Together, we are a strong team. Please click here to help our mission.
 
 
2015-11-04_14-17-38
 
 

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