MuniLand

Useful graphic from the Tax Foundation on states’ increasing reliance on revenue from income taxes.

Good Links

Reuters: State budgets face “considerable challenges”: study

Mercury News: California Democrats will deliver on “comprehensive” pension reform

Press Enterprise: San Bernardino council votes to ease the rules for laying off employees

The Record: Bankruptcy judge: Stockton can stop paying for retiree healthcare

Learnbonds: How credit spreads change over time

WSJ: Berkshire trims municipal credit default swap bet

@Twitter Talk

Legal Constraints on Changes in State and Local Pensions brief by Center for State and Local Government Excellence bit.ly/OGBzCX

— Pension Dialog (@PensionDialog) August 6, 2012

How municipalities can lower debt burden. Here’s 1 way, clean up pensions! ow.ly/cLNVA via @suntimes

— Illinois is Broke (@IllinoisIsBroke) August 6, 2012

YTD long muni issuance $191.2BB -same as 10yr avg. Most of the New money 4: Student Loans, multi–fam hsg, gas, IDB and bridges (per SIFMA)

— BondUnderwriter (@bondunderwriter) August 6, 2012

MMA default & impairment data: low default rates for traditional “safe sector” #munis continue but much higher rates for risky sector paper

— Muni Market Advisors (@Muni_Mkt_Advis) August 6, 2012

Ohio borrows to cover unemployment insurance costsow.ly/1Op25z

— Performance Partners (@PublicPerform) August 6, 2012

We’re aiming for a 650-mile network of bike facilities across #Chicago. See where this years new bike lanes will be: on.fb.me/Rtwobw

— ChicagoMayorsOffice (@ChicagosMayor) August 6, 2012