MuniLand Snaps: April 16
Seattle is starting construction on the First Hill Streetcar this month with plans to begin operation in early 2014. Hat tip: Seattle Bike Blog.
Reuters: Tax collection up in all 50 states in 2011: Census
Barrons: Only 34 percent of municipal bond issuance is “new money;” the majority is refunding old bonds
Reuters: U.S. muni funds report first outflows in four months
AP: South Dakota judge upholds cut in annual pension increases
NYT: Editorial accuses New Jersey governor of “political bluster” on train tunnel
Reuters: Slimmed-down budget for “new reality” Detroit unveiled
Bloomberg: Wells Fargo wins possession of garages in Stockton lawsuit
Chicago Tribune: Chicago mayor’s big-ticket approach lined with risks
Standard and Poor’s: TIFIA report
Cadwalader, Wickersham & Taft: ISDA March 2012 Supplement and Protocol: Updating Muni CDS
Cynthia Boaz @cynthiaboaz Mississippi is the most religious state in the US. It also has highest rate of teen pregnancy, highest obesity rate, & lowest literacy.
Muni Market Advisors @Muni_Mkt_Advis Tender-Option Bond issuance dropped slightly in MAR to $1.094 Bn from the 2.078 Bn in FEB. JPM has issued/sponsored ~70% of all issues YTD