Local government as infrastructure maker

July 19, 2011

Here’s an interesting promotional video from Los Angeles Mayor Antonio Villaraigosa on the development of transportation projects in his city and his efforts to broaden it to a national effort. Infrastructure development lays a foundation for economic growth for America. It’s nice to see a local official going ahead with the resources at hand.

Biggest week of the year for muniland

The Financial Times reports on the nearly $10 billion of new issuance expected this week. Here are the top five issuers for the week via Ipreo:

Amount ($millions) Issuer State Description Lead Manager
$ 788 State of Oregon OR Full Faith and Credit Tax Anticipation Notes Citigroup
$ 515 City of New York NY General Obligation Bonds, Fiscal 2012 Citigroup
$ 416 Ohio Public Facilities Commission OH General Obligation Refunding Bonds, Common Morgan Stanley
$ 400 Greater Chicago Metropolitan Water Reclamation District IL General Obligation Capital Improvement Bonds JPMorgan
$ 372 City of Atlanta GA Airport General Revenue Refunding Bonds Siebert Brandford


Twitter talk

@standardpoors“It’s not over yet” says S&P’s senior economist Beth Ann Bovino. See S&P’s U.S. #economic forecast http://ow.ly/d/hOS”

@CSGovts“Cheerleading and Dance Don’t Count in Title IX: The Title IX complaints keep coming.  This time, Idaho has bee…http://bit.ly/p6uXoV”

@munilass: “@AmyResnick Favorite road trip game is explaining how projects we pass were financed. Surprised I haven’t been ditched in middle of nowhere.”

@munisrgood: “@munilass @amyresnick My favorite game is “guess what this town is rated?”. Everybody hates that game.”

@tomkozlik“Cost overruns in the order of 50 percent in real terms are common for major infrastructure, and overruns above 100 pe…http://lnkd.in/cCM_nc”

@Muni_Mkt_Advis: “JeffCo restructuring closer to reality; bondholder haircuts will be likely, damping hopes for a Lutheran rally at signing”

@MSRB_News: “MSRB Launches Twitter Feed to Disseminate Municipal Market News msrb.org/PR01-2011.aspx”

Good links

Social Work Leadership Institute’s (SWLI): Evidence Database on Aging Care

Bond Dealers of America: Federal Advocacy Update

Bond Buyer: Orrick Retakes Top Spot

Bond Buyer: ‘Fracking’ Fees Buoy Some States

Sacramento Bee Dan Walters: California’s huge pension debt will be jarring

Big Government: Calif. Pension Funds Gain Most in Decade

KTVU: SF To Shutter Courtrooms; Lay Off 200 Workers

Flowing Data: What New Yorkers complain about

WSJ: ‘Long and Difficult’ Road to Recovery for N.J.

Institutional Investor: New Jersey Pension Reforms Are Only The Beginning

Government Technology: ‘Quiet Pavement’ Being Tested by More State DOTs

Government Technology: U.S. Department of Labor Starts App Contest for Career Development

FutureGov.Asia.com: Philippines rolls out e-scorecard for local government

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