Chicago Budget 2017 Shows Progress, but Large Challenges Remain Tuesday, Mayor Rahm Emanuel presented the City of Chicago budget for FY 2017 to the City Council. “This is a budget unlike any other in recent memory. It is free of an immediate pension crisis and free of...
Month: October 2016
MuniNet Guide: FDIC Top Pick for Municipal Securities
FDIC Top Pick Site Provides Educational Videos Accenting Municipal Securities Markets The Federal Deposit Insurance Corporation (FDIC) provides educational and training materials on a wide variety of topics relating to banking and finance. Many of these are either...
Alaska Pension Obligation Bonds – $2.4 Billion | MuniNet Featured Bond
Featured Municipal Bond in the Market, Week of 10/10/2016: Alaska Pension Obligation Bonds - $2.4 Billion This week’s featured bond comes from the State of Alaska. The Alaska Pension Obligation Bond Corporation is scheduled to issue $2.4 billion in pension obligation...
Where the Greenbacks Grow: State Income Changes Q2 2016
BEA Releases State Income Changes Q2 2016. All States Show Growth for First Time Since 2014. The U.S. Bureau of Economic Analysis (BEA) released its figures of changes in state income for the second quarter of 2016. The aggregate change of income for all U.S....
Fiscal Distress Myths and Realities Part I: Default Rate for State and Local Government Debt
Part I of James Spiotto's Series on Fiscal Distress Myths and Realities: Default Rate for State and Local Government Debt Has Been Relatively Low Especially When Compared to Corporate Debt Default Myth: There is no difference between the default rate...
Harvard University Revenue Bonds – $1.5 Billion | MuniNet Featured Bond
Featured Municipal Bond in the Market, Week of 10/03/2016: Harvard University Revenue Bonds – $1.5 Billion This week’s featured bond comes from the State of Massachusetts. The Massachusetts Development Finance Agency is scheduled to issue $1.5 billion in revenue...