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When
Universal Constants Fail:
Entire Executive Branch Opposes WCF Scheme
(News Item for 11/02/03)
Even a stopped clock is right twice a
day. The Workers Compensation Fund, which is attempting to
exit stage left with an estimated half-billion dollars in
taxpayer assets, now finds itself opposed by the entire Utah
executive branch.
As you might recall, AU
published an Issue in Focus article on March 11, 2003: "Will
Taxpayers be 'Enron'-ed by Legislature? The Half-Billion
Dollar WCF Sell-Out," by Utah State Auditor, Auston
Johnson. The article exposed plans to "privatize" the
WCF... without first reimbursing taxpayers for their estimated
$500,000,000 investment in it.
As we reported later, the
State
Auditor sued the WCF for documents related to its
tax-exempt status. WCF has since sued the State of Utah
in an attempt to escape the governor's ability to appoint its
board of directors and thereby free itself from the governance
of the state.
In an historic reversal more
rare than Halley’s Comet, the
Governor's Office and Attorney General's Office have joined
the State Auditor and State Treasurer in publicly opposing the WCF scheme.
Sources: "Leavitt
tackles WCF one last time," Kirsten Stewart, Salt Lake
Tribune, October 31, 2003 and "Utah
workers comp fight is far from over," Amy Joi Bryson,
Deseret News, October 31, 2003
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