MuniLand Snaps: March 9, 2012

March 9, 2012


If you live in Alaska, you pay $1.07 in taxes on a gallon of beer, the highest amount in the nation according to the Tax Foundation.

Good Links

Tax Foundation: Facts & Figures 2012 – How Does Your State Compare?

Reuters: To boost enrollment, rural public schools sell empty classroom seats abroad

Reuters: Size of U.S. municipal bond market remains flat at $3.74 trillion

Reuters: Muni bond critics yield a gift for investors

Ipreo: Muni deal calendar (week of March 12, 2012)

Bond Buyer: Treasury will issue rules covering new municipal bond issue pricing

AP: Illinois lawmakers set $33.7 billion budget limit

AP: Alabama joins the pension reform parade

WSJ: The Journal surveys market attitudes toward Puerto Rico’s debt

Utica Observer-Dispatch: Utica, NY receives $10 million of state aid to pay off loan from local bank

@Twitter Talk

National Archives @archivesnews National Archives  The Merrimac and Monitor clashed in Hampton Roads on this day. It was the first battle between ironclads.
Tim Maniccia @tmaniccia Tim Maniccia   Census- Household Income Inequality Within U.S. Counties: 2006-2010.…

James Mackintosh @jmackin2 James Mackintosh   Excited about the US economy? Built on releveraging of the US household in Q4. Fed winning, but is consumer really going to keep borrowing?

Capital Tonight @CapitalTonight Capital Tonight  Bloomberg: “The taxpayers are not organized the same way the retirees and the people who get pensions are.”

BondDesk Group LLC @BondDesk BondDesk Group LLC   Muni Market was lower for 3rd day w/ yields higher by 1-3 bps. secondary investors on the sidelines – heavy new issuance continues

Daniel Berger @munimarketmaven Daniel Berger   Yesterday (Aa2/AA/AA-) Suffolk County GO 4s of 4/1/14 traded at +70bps to MMD’s AAA scale. In January this block traded at +35bps
John Bevacqua @NestedInterest John Bevacqua  Important, but overlooked, differences between bond funds & outright ownership of bonds.
The Detroit News @detnews The Detroit News  Metro Detroit will see as many as 20 new restaurants this year. Map link

Adam Bonin @adambonin Adam Bonin   I appreciate living in a City that provides police alerts for incipient Mummering activity.…

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