October 18: Muniland snaps

October 18, 2011

Good Links

Federal Reserve Bank of Atlanta: Insurance trust revenues create state and local fiscal volatility

Environmental Leader:  Privately funded muni bonds for energy efficiency retrofits

LA Times: California offers 5-year municipal bonds at 2.10%, 30-year at 4.87%

Bloomberg:  LA City Council, urged by Occupy Wall Street, may pull muni business from big banks

WPRI.com: A good roadmap to Rhode Island pension reform

Bloomberg:  New York state public union votes to approve offer that averts layoffs, waives raises for 3 years

Bloomberg: Rhode Island joins 6 other states actively working on pension reform

New York Times:  New York City makes important progress helping the homeless

Business Insider: The real reason Harrisburg, PA went bankrupt

Marketwatch: Fitch dings BlackRock muni funds on Morgan Stanley liquidity backstop

GovTech: Only in Oklahoma will you find a robot rodeo

ABC News: Signs of vitality in rural America

@Twitter Talk

CTJ @taxjustice CTJ   Geithner sez 2011 deficit appx $1.29 tril. #Bushtaxcuts for richest 5% appx $1.04 tril.  costoftaxcuts.com

Steny Hoyer @WhipHoyer Steny Hoyer  Pleased @SenatorReid introduced bill today that will save 400,000 jobs, keeping teachers & first responders on the job go.usa.gov/9v2

Larry Kirkman @larrykirkman Larry Kirkman   Map: Immigration detention facilities, 1981-2011 | Lost in Detention | Investigative Reporting Workshop shar.es/bsLfz

Matthew Wurtzel @biz_reporter Matthew Wurtzel   P&I: Groups urge GASB to slow down – Public pension plan and government employee groups worried about sweeping new a… ow.ly/1fblP9
Cate Long @cate_long Cate Long   Moody’s: “securities subsector represented only 4.5% of New York City employment but accounted for 21% of all wages” #muniland
OK Policy Institute @OKPolicy OK Policy Institute   Number of the Day: $3,245,979,000 – Earned on investment by Oklahoma’s public employee retirement systems in FY ’09 ow.ly/6ZVbg

Tim Maniccia @tmaniccia Tim Maniccia   Proposal to abolish ND property taxes stirs controversy over local control, school funding – washingtonpost.com/business/propo…

gaius marius @dafowc gaius marius   infrastructure >> remaining tax base; how cities die RT @EddyElfenbein: Seriously Detroit. You’re now third world  bit.ly/pMY9Hm

Jane Roh @Jane_Roh Jane Roh   How the code of silence hampers homicide investigations in Camden. Great deep dive by @George_Mast.  bit.ly/qtSxQo


Chart source: Data from Thomson Reuters Municipal Market Data

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