Times are tough. As a result, many state and local governments throughout the country are looking for ways to tighten the purse strings. An obvious strategy is to cut expenses, eliminating non-essential programs and services in order to balance budgets. While employee...
Concerns about Puerto Rico’s credit outlook have intensified in recent months, evidenced by the dramatic underperformance of its bonds during a period of strong inflows into the municipal sector, according to a special report from Axios Advisors, an independent...
by guest contributor, Peter Fugiel, Ph.D. Anticipated drops in local property taxes will most likely cause the states to intervene. And while they’re at it, they need to introduce necessary local government reforms. Backdrop: In the summer of 2012, Zillow commented to...
The U.S. Bureau of Labor Statistics recently released its Metro Area Employment and Unemployment data for October 2012. The national unemployment rate for October was 7.5% (not seasonally adjusted). Unemployment rates in October were lower in 329 of the nation’s 372...
