Improved Metrics, Measures & Processes: Some Ideas

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Improved Metrics, Measures & Processes: Some Ideas

  • Provide information on long-term costs of major spending and tax proposals before they are voted on, including showing long-term costs even for proposals that sunset

  • Establish an OMB annual report on fiscal exposures, including appropriate measures and how to address them

  • Consider fiscal targets, triggers, and points of order with focus on limiting growth of long-term commitments

  • Move to accrual budgeting for employee pension, retiree health; disclose “risk assumed†[missing premium] for insurance

  • Reinstitute budget controls (caps & PAYGO)