MuniLand Snaps: June 11

June 11, 2012

From the Tax Foundation on state income tax collections:

New York State, with its high marginal tax rates and wealthy tax base, collects the most – an average of $1,796 per resident. At the bottom of the list are seven states with no state income tax – Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming.

Good Links

New England Journal of Medicine: More healthcare jobs are not necessarily beneficial for society

Reuters: U.S. cities struggle with blighted bank-owned homes

Bloomberg: BofA’s Hallacy says almost 40 percent of 2012 issuance is for “new money” bonds

Bond Buyer: Big week for new bond issuance with $12 billion scheduled to come to market

NYT: South Carolina’s pension push into high-octane investments

Bloomberg: North Las Vegas crisis shows fragility of Nevada economy

Patriot News: Harrisburg’s former receiver, David Unkovic, writes about municipal corruption

Capitol Weekly: In looming Stockton bankruptcy, pensions won’t be cut

BlackRock: Making a difference one bond at a time

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