MuniLand Snaps: June 28
A month ago Marianne Russ of Marketplace Money did this story about the residents of nearly bankrupt Stockton, California. Generally they are committed to their city, but many say they may move away regardless.
New York Fed: Fiscal drag from the state and local sector?
Bloomberg: Tax growth slows for states and cities, U.S. Census says
The Atlantic: The 7 biggest cities to file for bankruptcy
Reason: What happened in Stockton?
Self-Evident: A defense of the tax exemption for municipal bonds
Bloomberg: No need for tax-exempt debt as colleges avoid IRS
WSJ: NY Thruway Authority easily sells bonds after ratings warning
Citizensvoice.com: Scranton mayor slashes wages of city workers
— Jane Roh (@Jane_Roh) June 28, 2012
27 of 51 biggest metro areas, city center grew faster than suburbs in 2011. Previous decade:only 5. on.wsj.com/NPsB5yvia@conordougherty
— David Wessel (@davidmwessel) June 28, 2012
Investors set to receive $142 billion in maturing and refunded bonds in the 3 months through July (historic amount) bloom.bg/MAlTPp
— Bond Girl (@munilass) June 28, 2012
Editorial: Harrisburg bankruptcy ban: Extending deadline would be a win for creditors, not residents bit.ly/M7T6V2
— The Patriot-News (@PatriotNews) June 28, 2012