MuniLand Snaps: July 2
From the Tax Foundation:
The growth of state government spending over the past decade. These percentages show the growth in direct spending between 2000 and 2010, in real dollars per capita (to eliminate the effects of population growth and inflation). Oklahoma leads the pack with a 74% increase in state government spending over ten years; Alaska, whose state government only grew 17% faster than its population, is at the bottom.
Good Links
Reuters: Analysis: Jumping off the fiscal cliff
GovTech: Health insurance exchanges getting more federal funding
Bloomberg: How Wall Street scams counties into bankruptcy
The Post Standard: It was all about the “golden cow” of tax breaks
Reuters: Securities trade group says the masking of large municipal trades should continue
Reuters: U.S. municipal bond sales to sink to $59 million
Calpensions.com: Bond insurer may contest Stockton bankruptcy
AP: Brilliant description of chaotic last few days of Pennsylvania budget fight
Birmingham News: Judge rules Jefferson County cannot use sewer revenues for legal fees
@Twitter Talk
Best practices in #pension management from IA, OR, VT, Gwinnett Cnty GA, and Houston Center for State & Local Govt via bit.ly/LFCYZr
— Pension Dialog (@PensionDialog) June 29, 2012
Dudley: The Competitiveness of Puerto Rico’s Economy: Reducing the Cost of Doing Business and Improving Labor Ma… bit.ly/NbRpQw — New York Fed News (@NYFed_News) June 29, 2012
Governor Snyder has signed bills LOWERING the income tax rate and increasing personal tax exemptions in Michigan! ow.ly/bV6Iz
— Rick Snyder (@onetoughnerd) June 29, 2012
Last night, while you were sleeping, the General Assembly passed a bill to expand the use of red light cameras in PA. ow.ly/bWw6R
— PA Independent (@PAindependent) July 1, 2012



