MuniLand

The bottom line on #SanBernardino cash flow projections for July-Sept. is all red ink. #SBbankruptcy twitter.com/InlandBizz/sta… — Andrew Edwards (@InlandBizz) July 19, 2012

San Bernardino, California voted to declare fiscal emergency and move to file Chapter 9 bankruptcy on Wednesday.

Good Links

Reuters: Kansas Republicans war over “Ryan plan”-style tax cuts

Reuters: Washington state first to launch Facebook voter registration

Detroit News: Bing imposes cuts to Detroit union pay and benefits after Council rejection

Fox Business News: North Las Vegas city leaders declare state of fiscal emergency

LAT: Compton on brink of bankruptcy

PA Independent: Scranton could join national trend of bankrupt cities, despite officials’ opposition

Reuters: Scranton workers get full pay, at least this week

Reuters: Ex-JPMorgan banker admits role in muni bid-rigging scheme

Bond Buyer: SEC to issue bold report proposing muni market reforms

@Twitter Talk

Awesome rolling map from @NYFed_data showing the change in home prices since 2003 (see second tab): bit.ly/NWmkVq #BPCHousing — Bipartisan Policy (@BPC_Bipartisan) July 18, 2012

17% of patients seeking care in an emergency room could be treated at an urgent care center or retail clinic. bit.ly/MFioEA — RAND Corporation (@RANDCorporation) July 18, 2012

Fitch: poor results likely to further pressure pensions funded ratios and lead to higher annual contributions for state and local govts — Taylor Riggs (@TaylorRiggs_BB) July 18, 2012

Governor Brown castigated unnamed “declinists” who opposed trans-Cal rail system. “California is a rich state.” twitter.com/jmnash/status/… — James Nash (@jmnash) July 18, 2012