Here are the best tweets with the #muniland hashtag for June 10, 2014:
The New York offices of BlackRock, the giant fund manager, crackle with the energy of money. BlackRock is the largest fund complex in muniland, with over $100 billion in municipal fund assets along with undisclosed amounts of separately-managed accounts that hold municipal bonds.
The Kentucky Employees Retirement System (KERS-Non-Hazardous), the nation’s most poorly-funded state pension with 23 percent of the assets needed to cover liabilities, suffered a legal blow last week. As of last June, KERS had only $3.1 billion of assets to cover the $11.3 billion in retirement commitments that it had made and $8.26 billion of unfunded liabilities.
If you are an investor, an analyst or a taxpayer, finding information about the outstanding debt for a state or a city is a mixed lot. Some issuers, like New York City and Connecticut, do an excellent job of providing information. Massachusetts remains the gold standard. Many other issuers though have out-of-date and incomplete information.