MuniLand Snaps: August 13
Here is Brian Uhler of the California Legislative Analyst Office addressing questions about the use of Chapter 9 bankruptcy by municipalities in California. Read more here.
Also, starting tomorrow, MuniLand will be on holiday until August 22. See you then!
Governing: Pension plan changes pose challenges for lawmakers
Bond Buyer: California’s $10 billion Ran sale tied as largest ever
Morgan Stanley: Muni bankruptcy: More lessons
Bloomberg: New Orleans murder rate climbs as city begins overhaul of police
Reuters: Bond sale to boost Detroit cash flow set for Thursday
Alliance Berstein: Could tax reform hurt municipal bond prices?
State and local governments spend $2.5 trillion annually to employ over 19 million workers, 6 times as many as federal government.
— Ben Domenech (@bdomenech) August 10, 2012
— Performance Partners (@PublicPerform) August 9, 2012
— Illinois Policy(@illinoispolicy) August 9, 2012
nervous about Cali BKs? yea, i think not. Cali specific muni bond funds that report weekly saw $75mm – above the 4-week average of $57mn
— Taylor Riggs (@TaylorRiggs_BB) August 10, 2012