MuniLand Snaps: May 3

May 3, 2012

The Federal Reserve Bank of Cleveland prepared this simple primer on municipal finances.

Good Links

The Hill: Efforts to suspend and/or remove the congressional sequester begin

GovPro: Texas tops list of states with low per-capita spending

FT Alphaville: Open-source government bond rating tool launched

BlackRock: Increasing appetite for munis

ISS-Mag: DTCC to publish public data on interest-rate derivatives

Huffington Post: Overpaid public workers: Actually, we’re moving toward consensus

LAT: S&P sounds alarm over California’s April tax revenue

Bloomberg: California governor will seek “serious cuts” in state’s budget plan

Charlotte News Observer: North Carolina non-profit hospitals provide 1%-13% of charity care

Chicago Tribune: Cook leaders want property-tax-exemption crackdown law

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Have to agree with the word “simple” to describe the video. The Cleveland Fed’s good intentions to simplify the complex world of public pensions unfortunately missed the mark in some cases. The director of research at the National Association of State Retirement Administrators contacted them and submitted his concerns (read the memo here: landFedvideoresponse1204.docx.pdf). The Fed has been receptive and is making corrections (one factual misstatement regarding Social Security is removed from the version above).

Posted by AdyDewey | Report as abusive

Nevada spends the least per-capita among the states. What states spend the least per-capita?–It’s a measure of a state’s efficiency–2012 ranking top 5 states:

M. Keating
Govt Product News Magazine

Posted by mikekeat | Report as abusive