Muniland has always been interested in America’s magnificent state capitols. Here is Iowa’s State Capitol in Des Moines.
Reuters: U.S. retirement fund to run dry earlier: trustees
Bloomberg: Government one-shots raising taxpayers’ debt costs
Reuters: New York’s Nassau County lease of sewer plant faces hurdles
Columbus Dispatch: New Albany school system does synthetic bond refunding
Chicago Tribune: Legislators join Illinois Governor Quinn to save the state
Bloomberg: Illinois “treads water” as unpaid bills top $9 billion
Detroit News: Detroit mayor’s budget proposal looks to cut 2,500 workers
Muni Nation: Van Eck still positive on municipal bond fundamentals
Damian Paletta @damianpaletta
Social Security trustees – disability fund faces exhaustion in 2016; combined SS fund faces exhaustion in 2033 (sooner than expected)
Bernie Sanders @SenSanders
provides support for 55M people, including 38M retired workers, 6M widows, widowers, orphans, & 11M disabled workers.
Suzette Hackney @suzyscribe
Under Detroit Mayor Dave Bing’s budget: furlough days would be eliminated, workers would receive a 10% pay cut and no merit/wage increases.
Ted Nesi @tednesi
Central Falls would have a 33% unemployment rate (!) if labor force participation there matched the rest of RI: http://bit.ly/IyYHP6
OK Policy @OKPolicy
“An income-tax cut at the state level will invariably lead to a property tax increase at the county level.” http://ow.ly/asvcw
James McTague @Mctaguej
SEC charges former CALPERS CEO and his close friend with scheming to defraud an investment firm into paying $20 million in fees