MuniLand Snaps: June 26

June 26, 2012

Many local governments thrived on the increased revenues from property taxes on new homes through 2007. It’s been downhill ever since, creating a real drag on local budgets.

MuniLand Snaps: June 25

June 25, 2012

MuniLand Snaps: June 22

June 22, 2012

City Controller Alan Butkovitz released an audit of Philadelphia’s Video Surveillance program that found the city spent $13.9 million for surveillance cameras but that only 102 of the 216 installed cameras were functioning properly. This has resulted in a cost to the city of $136,000 per operating camera. “The cost is exceedingly alarming, and outright excessive – especially when $13.9 million is equivalent to the cost of putting 200 new police recruits on our streets,” said Butkovitz.

MuniLand Snaps: June 20

June 20, 2012

WPRI reports on Providence retirees voting on pension reform. The fiscally challenged city, like many across America, is trying to reduce expenses, including pensions and retiree benefits. Providence has been making good progress.

MuniLand Snaps: June 19

June 19, 2012

Without comment: The Great State Fight

Good Links

Reuters: Swing states in muniland

Pensions and Investments: Pew Center: State pension funding gap widens

Pew Charitable Trust: States are $1.38 trillion short in funding retirement systems

MuniLand Snaps: June 18

June 18, 2012

BlackRock says that the housing market, the bedrock of property taxes that support local governments, remains weak:

MuniLand Snaps: June 15

June 15, 2012

A state pension actuary gets the Xtranormal treatment. Hat tip: Bob Nelson of Thomson Reuters MMD.

MuniLand Snaps: June 14

June 14, 2012

The Tax Foundation gives us a map of state wine taxes. In the number one spot is Alaska, which levies a tax of $2.50 per gallon; Louisiana levies the smallest excise tax at 11 cents per gallon.

MuniLand Snaps: June 13

June 13, 2012

A different take on Philadelphia’s school reform efforts from Truth-Out.

Good Links

The Star Ledger: Telling the truth on taxes

Philadelphia Inquirer: How a professional soccer stadium did nothing for a broken-down city

MuniLand Snaps: June 12

June 12, 2012

From View From the Metropole: An interview with Marc Joffe from Public Sector Credit Solutions and his non-profit, open-source credit-rating system.