MuniLand

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!

Good Reads

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?

@Twitter Talk

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

Cities in the northeast and the south are leading the recovery. on.wsj.com/OTUYhp via @wsj #cityreads — The Atlantic Cities (@AtlanticCities) August 9, 2012

Update: #Ohio state budget surplus: ow.ly/cPMoS

— Performance Partners (@PublicPerform) August 9, 2012

#Chicago must increase #pension fund contributions from $476M in ’12 to $1.2B in ’15 illin.is/O5y6wj #twill

— 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