MuniLand Snaps: April 11
After being briefed on the Chicago mayor’s infrastructure trust proposal, some aldermen say they have more questions than answers. WTTW of Chicago got the reaction of those responsible for approving the trust that will privatize many of Chicago’s public assets. Here is the proposed Infrastructure Trust Ordinance from Mayor Rahm Emanuel’s office.
Birmingham News: Jefferson County creditors gain approval to challenge bankruptcy eligibility issue
Birmingham News: Jefferson County maxes out bank-issued credit card, must pay cash
PFM: State programs for municipal financial recovery
WPRI.com: Central Falls receiver emerging as leading national proponent of Chapter 9
Bloomberg: California borrowing costs are lower on strong demand
LAT: California teachers pension faces $65 billion shortfall