MuniLand Snaps: March 8, 2012
A woman wins a million dollars in the state lottery but still feels she’s justified to keep receiving food stamps. A local reporter tracks her down and confronts her. Although this discrepancy was extreme, I expect we will see government placing a higher burden of proof on welfare recipients to demonstrate need as state and local budgets tighten and the federal dollars that flow to them shrink. There will be less to go around, and the threshold for receiving welfare benefits will be higher.
National Conference of State Legislatures: Percentages of women in state legislatures
American Public Radio: Washington state will limit emergency room Medicaid procedures
Modeled Behavior: State and local government borrowing constraints
Bloomberg: “In most states, OPEB, unlike pensions, isn’t a contractual right”
SEC: Morningstar is granted a two-year SEC exemption for issuer pay business
WSJ: S&P considers new way to rate general-obligation muni bonds
Bloomberg: Municipal bond defaults doubled in the past two years, Moody’s report says
Courthouse News Service: Jefferson county gets bankruptcy green light
Richmond Times-Dispatch: Law Enforcement: Fallujah, Virginia?
@catsbear44 catsbear Disagree, view Detroit as opportunity, cheap housing, good workforce, need right policies, tough but many advantages.