MuniLand Snaps: June 28

June 28, 2012

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.

Good Links

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 Scranton mayor slashes wages of city workers

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