MuniLand Snaps: December 22, 2011

By Cate Long
December 22, 2011

The champions of government transparency, the Sunlight Foundation, look back at their accomplishments this year.

Good Links

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

@Twitter Talk

Freddie Mac @FreddieMac Freddie Mac   Existing-home sales downwardly revised 14% b/t 2007-2010.  marketwatch.com/story/existing…

OCC @USOCC OCC    Overall Mortgage Performance Stable, Delinquencies Remained Elevated in Third Quarter 2011 fb.me/1faZlxYta

MuniNetGuide @MuniNetGuide MuniNetGuide   ”Recovery a fact of life here” RT @bizjournals Five metros hit highest job levels in a decade bizjournals.com/bizjournals/on…
Govistics by CGR @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…

Technically Philly @TechnicallyPHL Technically Philly   How @PhiladelphiaGov spends $3.5 billion annually: 10 best charts and graphs cot.ag/vmq0lC

Fixedology @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).

Amy Resnick @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

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