MuniLand Snaps: April 30

April 30, 2012

Companies are able to retain state income paid by employees in a number of states, says columnist David Cay Johnston in this episode of Reuters Fast Forward. This money, withheld from employee paychecks as state income tax, is retained by companies through deals with the states. Why is this happening, and who really knows about it?

Good Links

Journal of Accountancy: Tax-advantaged investing for an uncertain economy

Reuters: Economists clash on jobs fracking to bring to New York

New American City: New York turns to wikis to encourage transparency and engagement N.J. politicians preserve their own retirement packages while limiting new workers’ New Jersey joins a list of states considering privatizing their lotteries

Birmingham News: Jefferson County desperately needs help from the state legislature

Bond Buyer: Providence likely to approve pension changes and improve funding level

@Twitter Talk

Muni Market AdvisorsMuni Market Advisors  @Muni_Mkt_Advis April saw spike in inter-dealer trading vs last 5 years w 20% of trades reported to MSRB this way vs 15% in previous 5 years
PhilalawyerPhilalawyer @phila_lawyer The disconnected analysts say Meredith Whitney’s call on state finances is wrong. A day in the actual economy proves her deadly accurate.

OK Policy OK Policy @OKPolicy Number of the Day: Oklahoma ranks 1st in the U.S. for the rate newly hired state employees lose or leave their jobs

Paul GreavesPaul Greaves @greavespg Detroit – State Board of Canvassers just gift-wrapped bumper sticker-“Will of the people denied due to font size.”The “optics” here are bad

Michael GormleyMichael Gormley @APgormley Gov Cuomo announces solar power testing lab in Cortland,wind power blade testing center at Clarkson U. In northern NY
Reuters Top NewsReuters Top News @Reuters Sales-tax deal with Texas is Amazon’s latest

NewsTribune JCMONewsTribune JCMO  @NewsTribune Missouri measure would allow loans at casinos

Otis WhiteOtis White  @OtisWhite Minneapolis’s bike-sharing program ends its deposit requirement for new customers. Reason: rampant honesty.
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