MuniLand Snaps: June 26

June 26, 2012

Many local governments thrived on the increased revenues from property taxes on new homes through 2007. It’s been downhill ever since, creating a real drag on local budgets.

Good Links

Bloomberg: States lacking income tax get no boost in growth

WSJ: State and local fiscal burdens drag on economic recovery

Reuters: New rules may make public pensions appear weaker

Bloomberg: Public pensions face wider deficits under new rules

Bond Buyer: SEC approves new rules for muni-bond broker’s broker

Bond Buyer: Despite fears, many muni credits are stable to better

NYT: “Double-barreled” bonds

Post Standard: Mayor talks nonprofit Syracuse University into making payments for city services

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