Tom Hudson

Public Debt On TSE: Lining Up Lenders for Landing

Oct 16, 2013
Tom Hudson

The federal government may be partially shut down and flirting with an unprecedented debt default but the Broward County Aviation Department had no trouble borrowing $450 million this month.

Tom Hudson

The picture above shows the beginning of a second runway at Ft. Lauderdale-Hollywood International Airport that, once completed, is expected to cost $2.3 billion. The runway is just part of a multi-billion dollar expansion project already underway.

More than half of the project is being paid for with borrowed money. The Broward County Aviation Department will eventually assume $1.5 billion in public debt. Last week, it successfully sold $450 million worth of public bonds to continue the construction project.

Animals and transportation. Those are two areas Broward County Administrator Bertha Henry says residents would like to expand county services. And while the county has seen its finances improve as the housing market has recovered somewhat, the county is not looking to expand its workforce.

Tom Hudson

Paul Krugman is a lightning rod for economic criticism. He's used to it. For several years Krugman has argued in his New York Times columns for more government stimulus spending, not less.

Tom Hudson

Mayor Carlos Gimenez started his career as a government employee in 1975. He's still one today, but with a very different perspective. From a firefighter to mayor of Miami-Dade County, he now leads over 25,000 full-time public sector employees.

Tom Hudson

One cost of the federal government slowdown is a delay in the monthly checkup on the nation's job market. The September unemployment report was due out Friday morning, but U.S. statisticians are among those on leave until there is an agreement on funding the government.

Tom Hudson

Like a lot of law enforcement agencies in South Florida, the Lauderhill Police Department run by Lauderhill Police Chief Andrew Smalling did not hire any new officers for several years as the city's budget was hit by falling property values. But now Lauderhill is hiring again. It's looking for five new officers, offering full benefits and a starting salary around $50,000.

From the U.S. Supreme Court case against the Affordable Care Act to trying to keep insurance exchange navigators from public health facilities, the state of Florida has resisted assisting the federal government in implementing the health insurance reform law.

Freedigitalphotos.net

The Affordable Care Act's open enrollment which began October 1 is focused on individuals but its impact likely will be felt even if you get your insurance through your employer, or though your spouse's work.

Most Americans with private health insurance (not Medicare, Medicaid or veterans benefits) get their insurance through their job or their husband's or wife's company. Even as more people may sign up for health insurance coverage, the prices for that coverage are expected to keep rising. 

Some numbers to consider as open enrollment for the Affordable Care Act (ACA) gets underway:

There are 10 essential benefits all insurance plans offered under the ACA health insurance reform law must have. They include hospital coverage, ER treatment and prescription drug benefits.

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