MuniLand Snaps: May 9

May 9, 2012

Detroit Mayor David Bing (@mayordavebing) updates Michigan Governor Rick Snyder (@onetoughnerd) on budget issues. It’s great to see the collaboration.

Good Links

Reuters: NYC Mayor Bloomberg: Highly indebted U.S. could go the way of Europe

SLGE: The funding of state and local pensions: 2011–2015

Reuters: Public pension fixes face stout legal challenges

Chicago Fed:  State tax revenues over the business cycle

Investment News: Expected $20 billion reinvestment gap as maturing bonds outstrip new supply

Bloomberg: Refinancing wave and projected redemptions may exceed the supply of new bonds

Barron’s: New muni disclosure rules set to start in August

Bond Buyer: Chicago Council advances $2.1 billion of Midway, wastewater debt

NYT: An enormous infrastructure project in Chicago that no one has heard of

GovTech: New York City unveils huge bike-sharing system

@Twitter Talk

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