MuniLand Snaps: April 20

April 20, 2012

The Detroit Works Project is a wonderful example of a community working to revitalize itself. Good luck to the Motor City and its citizens.

Good Links

Grattan Institute: Humans are social animals, so cities should be social

Center on Budget and Policy Priorities: States are cutting $3 for every $1 of tax increase

NYT: State tax collections finally surpass pre-recession highs

State and Local Government Excellence: State and local government workforce: 2012 trends

Investment News: In an apparent first, a public pension plan files for bankruptcy

Bond Buyer: Muniland insider says Chapter 9 municipal bankruptcy becoming more accepted

Reuters: Municipal bond mutual-fund flows continue their seesaw action

Bloomberg: Rhode Island comes to public market to borrow $118 million Providence pension panel recommends suspending COLAs, capping benefits

@Twitter Talk

CTJCTJ  @taxjustice Good stuff from @bradplumer: “Do voters really flee high-tax states?” (Answer: apparently not)
Paul GreavesPaul Greaves  @greavespg Reuben – “States often balance budgets by cutting aid to local govts. Meanwhile local taxes are expected to underperform. #muniland #NFMA
Pension DialogPension Dialog  @PensionDialog > half of state-local governments still have pay freeze, are adjusting benefits but layoffs slowed via @4GovtExcellence

IpreoCapMarketsIpreoCapMarkets  @IpreoCapMarkets Negoiated deals keep muni numbers afloat. Here is next week’s muni deal calendar:

Illinois is BrokeIllinois is Broke  @IllinoisIsBroke @JudyBaarTopinka hopes to add pension fund-by-fund, employee-by-employee accounting of who is due what to new site:

Jane RohJane Roh  @Jane_Roh Councilman @BobbyHenon names problem property owners, threatens to subpoena them. #PhillyCouncil #hammertime

Rachel BarnhartRachel Barnhart  @rachbarnhart Buffalo’s ghost factories, poisoning neighborhoods with lead

Erika NiedowskiErika Niedowski  @eniedowski State takes ‘day to day’ control of Central Falls, RI school finances
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