MuniLand

From the Tax Foundation, this map on state gasoline tax rates speaks for itself.

Good Links

Federal Reserve Bank of Boston: Sharing the abundance

Mainliner Blog: S&P: State and local muni credit quality remained resilient

Governing: Are local government cuts nearing an end?

Bloomberg: U.S. local-government debt declines for first time since 1996, Fed reports

Sacramento Bee: Dan Walters: Two tales of pension accounting

LAT: LA Mayor Villaraigosa once again jumps on the third rail of California politics: Prop 13

Bond Buyer: Out on Long Island, another crisis

Fortune: Contributing editor defends “she who cannot be named”

NYSE: NYSE Euronext and Bloomberg team up for order management system for fixed income clients

@Twitter Talk

@zerohedge zerohedge  Today the CBO will release its revised Budget forecast. Budget deficit expected to hit $1.2 trillion from $1.08 trillion before.

@coopnytimes Michael Cooper    Government employment, which lost an average of 22,000 jobs a month in 2011, was essentially unchanged: bls.gov/news.release/e…

@BNels22 Bob Nelson   Tough criticism of California in today’s WSJ http://on.wsj.com/zJOn5b

@leagueofcities NLC    Today we launched a 7-part series looking @ common themes in “State of the Cities” address of mayors @CitiesSpeak.org

@greavespg Paul Greaves   Let’s keep this simple. If you predict hundreds of billions in defaults and there are less than $3bn, you were wrong bit.ly/ww8DL1

@munibonds Municipal Bonds     MSRB Notice on Bondholder Consents Criticized bit.ly/zS0lPQ