MuniLand Snaps: May 21
There is a new movement afoot on the fringes of urban society called “depaving,” or removing asphalt from small urban areas to make green, community spaces.
Senator Jim DeMint: Saying no to state bailouts
Bloomberg: Pennsylvania’s tax windfall from gaming leads the U.S.
LAT: Los Angeles among most financially distressed areas in U.S.
Reuters: U.S. municipal bond sales to total $9 billion next week
Bloomberg: Jefferson County can’t pay GO bonds without new tax, lawyer says
WPRI.com: Rhode Island video-game company makes loan payment to state
Shelia Bair would push CDS off the face of the planet tgr.ph/KC2sTm (shocking, I know)
— Chris Whittall (@Chris_Whittall) May 21, 2012
street research this weekend almost universally expects a pullback in muni yields to help place a surge in supply – ratios to the rescue?
— Michael Pietronico (@MillerTabak) May 21, 2012
Tax collections for April fell by $336.3M from a year ago, but were $485.9M higher than Financial Plan projections bit.ly/J6WEkU
— Tom DiNapoli (@NYSComptroller) May 18, 2012
State budget includes risky cuts to Michigan’s prison program on.freep.com/KFates
— FreepOpinion (@FreepOpinion) May 21, 2012
— Beate Reszat (@rszbt) May 21, 2012