MuniLand Snaps: February 28, 2012

February 28, 2012

State income tax rates range from zero percent in seven states to 8.95 percent in the District of Columbia. Via the Tax Foundation

Good Links

Institutional Investor: How the government is robbing pension plans

Stateline: When is a temporary tax increase really temporary?

Morningstar: States positioned to avoid default

Barron’s: Morgan Stanley issues sell rating for muniland

WSJ:  High yields — and defaults — for retirement community bonds

MSRB: Muniland trade prices on your cell phone?

Detroit News: Detroit running out of cash

Pennsylvania Independent: Early release of prisoners could save money

Today is the day Harrisburg: Harrisburg’s use of sewer funds contested

Daily Bankruptcy Review: The tangled Jefferson County bankruptcy mess

@Twitter Talk

Freddie Mac@FreddieMac Freddie Mac S&P/Case-Shiller – all 3 Home Price Composites end 2011 at new lows:
stonecircle @stone_circle stonecircle Hospitals Drawing Huge Subsidies from Taxpayers Set Aside Entire Floors for the Wealthy
Pension Dialog @PensionDialog Pension Dialog If it ain’t broke, why fix it? That’s what Louisiana State Employees Retirement System says to the governor
Barrett and Greene @GreeneBarrett Barrett and Greene  2001-2010 – increase in proportion of U.S. pop. w/ bachelor’s degree or higher grew from 26.2% to 30.4%
Citizens Budget Comm @cbcny Citizens Budget Comm New York state had a tax surplus of $800 million at the end of last June; by January, it turned into a $389 million shortfall
James D. Robinson @jdrive James D. Robinson Next yr, # of fed-mandated illness categories will soar from 18k to 140k, including 9 categories for injuries caused by parrots -economist
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