MuniLand Snaps: December 22, 2011
The champions of government transparency, the Sunlight Foundation, look back at their accomplishments this year.
Reuters MacroScope: America’s poverty trap tightens its grip
NYT: Community development block grants on the chopping block
Reuters: Revenues up for state, local governments
Center for Investigative Reporting: Homeland security and the first 10 years of the war on terror
The Daily Beast: Local cops ready for war with Homeland Security Fund
SIFMA: Wall Street predictions for 2012 muniland bond issuance
Bloomberg: 38% of $332 billion of 2011 municipal bonds were refundings of older, higher-rate debt
Bloomberg: JP Morgan bids aggressively for MA bond deal to take first place in league tables
Bond Buyer: Michigan has officially decided that Detroit’s finances are a mess
@MuniNetGuide MuniNetGuide ”Recovery a fact of life here” RT @bizjournals Five metros hit highest job levels in a decade bizjournals.com/bizjournals/on…
@Govistics Govistics by CGR PA faces a $500 million shortfall in revenues, and a $520 million spike in pension costs post-gazette.com/pg/11355/11982…
@Fixedology Fixedology McGregor: There’s been heavy muni buying this month fueled by inflows into muni mutual funds (many it seems were heavy with cash already).
@AmyResnick Amy Resnick Drop to BB-minus comes less than 2 mos after academy sold ~$20M of bonds for popular suburban Atlanta charter http://bit.ly/vdJH5I