MuniLand

It’s a unique historical moment in muniland. Municipal bond yields are higher than US Treasury yields. It’s usually the opposite since muni bonds have better tax advantages. Chart source: Bloomberg via Goodwin and Proctor

Good Links

Reuters: Congressmen’s worries about the country’s AAA rating seem to be evaporating

Dow Jones: Muni mutual funds see $310M inflow

Pension Dialog: For 25-yr period ended 2009, median public pension investment return was 9.25%

California Governor: Twelve Point Pension Reform Plan

NYT: The Grey Lady summarizes proposed CA pension reform

StateIntegrity.org: 555 Pennsylvania officials were convicted of corruption in 10-yr period

CTPost.com: Connecticut legislature passes “state stimulus”

Seattle Times: Washington governor proposes reducing state worker health benefits

NY1 Online: NYC officials announce new pension reform deal

Union Leader: Nonprofit hospital cuts 3,500 patients from rolls

Star Telegram: Tarrant County to privatize bridges on I-35

Moberly Monitor: Missouri artificial sweetener plant backed by town is bust

AP: Alabama county asking sex offenders to come to court house on Halloween

@Twitter Talk

RWJF_Coverage RWJF Coverage Team  RT @khnews: Harvard study: 13.4M more in Medicaid by 2019 from health law; spending on Medicaid up $58B as result. ow.ly/7aFFH

@ReutersLegal Reuters Legal   Interest groups increase spending on state court elections reut.rs/ul8qK6 by @carlynkolker

@IanDon Ian Donnis  Ri Center for Freedom + Prosperity has interactive online database of public employee pensions (reg req): tinyurl.com/3hy2xmz

@OKPolicy OK Policy Institute  ”State income tax had absolutely no impact in terms of … where the corporate headquarters is located” ow.ly/7aNHL

@PensionDialog Pension Dialog   A look at no COLA proposal in RI: the average retiree without Social Security would lose 42% of their purchasing power j.mp/tPnaP2