Why should we believe her? Monday, Nov 10 2014
Can she be believed?
Recently, Commissioner of Administration Kristy Nichols, out of the blue, announced that the state ended the 2014 Fiscal Year (June 30) with a $178 Million surplus. Thursday, she admitted that instead of a surplus the state ended the year with a $141 Million deficit. That’s over a $300 Million turnaround.
Also, recently Nichols said the actuaries for the Office of Group Benefits (state employees and teachers’ health insurance program) recommended reducing the premiums because the reserves were too large. Documents from the actuaries indicated no such recommendations.
Additionally, Nichols claimed that the reduction in benefits and increase in premiums for OGB were not subject to the Administrative Procedures Act (and lege oversight). The Attorney General ruled otherwise. Suddenly, Nichols began following the APA.
Friday , we read in the paper that Nichols said that State Treasurer John Kennedy cost the taxpayers $2.8 Million by delaying a bond sale. If the figure is even correct, the delay was caused not by Kennedy, but by Nichols insistence on reporting to the bond rating agencies a false surplus (in violation of Federal Law) for the 2014 Fiscal Year.
All of this is to say that Nichols’ pronouncements need better scrutiny. If the media is going to report whatever flows out of her mouth, they should be more circumspect of the information. It’s not enough to merely put her words in quotation marks.
“King of Subversive Bloggers” – James Gill
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