MuniLand Snaps: July 20

July 20, 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

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