MuniLand Snaps: February 14, 2012

February 14, 2012

“Providence is in peril: That’s how Mayor Taveras opened his State of the City speech [Monday], the mayor dropping a bombshell that he’ll suspend all COLAs for all retirees, whether he has approval from the state or not.” Source:

Good Links

NYT: Best ever infographic of a proposed federal budget

Reuters: Obama seeks to cut municipal bond tax breaks

On Wall Street: Market thinks President Obama’s budget has no chance of passing

Bloomberg: Federal government has trouble figuring out how much it spends

Detroit News: Could the Institute of Art sell off some paintings to help the near-bankrupt city?

Investment News: An “Arab spring” for the MSRB?

Bond Buyer: 2011 muniland in statistics

Innovation Trail: Do industrial development agencies really create jobs?

Morning Times: Dissent on Pennsylvania’s “impact fee” from one of the state’s most productive fracking counties

Pittsburgh Post-Gazette: Regulating shale operations: Public Utility Commission would get new role

Transportation Nation: New York and New Jersey Port Authority push back on scathing audit

@Twitter Talk

Michael Pietronico @MillerTabak Michael Pietronico  March often turns out to be one of the weakest performing periods in the tax-free bond market – put cash to work before the summer months?
LynnHume @BondBuyergirl Lynn Hume   First Disclosure of IRS BAB Subsidy Dispute with Issuer…

Trevor Timm @WLLegal Trevor Timm  Illinois bill finally allowing police to be recorded in public passes out of the state House committee

Rachel Barnhart @rachbarnhart Rachel Barnhart   States gradually opening courts to cameras Extremely gradual – and even rare – in Rochester

The Civic Federation @CivicFederation The Civic Federation  IFFS Blog Post: “Fiscal Oversight Commission Lowers Illinois Revenue Projections”

Michael Cooper @coopnytimes Michael Cooper  The other green economy: I went to Oakland, where medical marijuana taxes are a growing part of city revenues
Sustainable Cities @sustaincities Sustainable Cities  RT @KaseyKlimes: A3) Many cities in control of vacant buildings would be wise to give them as grants to entrepreneurs
CSG @CSGovts CSG  Proposed “strip club bill” places the burden of policing welfare recipients onto states. Find out more here:
danvock @danvock danvock  Stateline: Racine teachers pay $7k more this year (out of $45k salary), because of labor law and state cuts
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