MuniNet Guide Archive

Featured Municipal Bond Issue, Week of November 5, 2018: Stockton Public Financing Authority, CA Water Revenue Refunding Bonds

Featured Municipal Bond Issue, Week of November 5, 2018:   Stockton Pubic Financing Authority, CA   Water Revenue Refunding Bonds, Series 2018 A — $150.1 Million (Green Bonds) The Stockton Public Finance Authority on behalf of the city of Stockton Water Utility system...

Risk Perception of State and Local Government Debt May Stress Taxes and Leverage Without a Certainty of Payment – Use of Statutory Liens, Special Revenues and Other Means of Assurance

By James E. Spiotto Fiscal distress of or perception of risk of nonpayment by government begets higher cost of borrowing and even loss of access to the market The perception of fiscal distress leads to higher interest rates (cost of borrowing) in the global markets:...

The Metropolitan Government of Nashville and Davidson County, Tennessee — $724.4 Million

SHARE THIS: FACEBOOKTWITTERLINKEDIN PRINT | EMAIL Featured Municipal Bond Issue, Week of October 15, 2018:   The Metropolitan Government of Nashville and Davidson County, Tennesse -- $724.4  Million The Metropolitan Government of Nashville and Davidson County,...

Department of Water & Power of the City of Los Angeles, CA — $300 Million

SHARE THIS: FACEBOOKTWITTERLINKEDIN PRINT | EMAIL Featured Municipal Bond Issue, Week of October 8, 2018:   Department of Water and Power of the City of Los Angeles, California — $300 Million The Department of Water and Power of the City of Los Angeles, California is...

Use of Foreign Trade Zones and Economic Development Projects to Help Deal with Financial Challenges and Lack of Sufficient Tax Revenues

by James E. Spiotto,  Co-Publisher of MuniNet The new reality of tariff wars and 20% surcharges on foreign manufactured parts and goods The tax reform of 2018 created a 20% surcharge on foreign manufactured goods or parts coming into the United States. Recent U.S....

Evolution of Tax Policy in the Midwest States

 Approaches to Taxation and Leverage in the Midwest, James Spiotto Addresses Tax Policy in an Ever Changing Economy In a previous MuniNetGuide article, James Spiotto addressed the demographic, economic, and debt characteristics of Midwest states, providing context for...

Spiotto on the Benefits of Economic Development and Stimulus from Needed Infrastructure Improvements to Deal with Tax Policies, Issues, Leverage Problems, Financial Distress and Unfunded Pension Obligations

We cannot avoid economic cycles but history of financial stability points the way In the U.S.A., financial challenges and difficulties in balancing a government budget are not so much caused by the desire to spend more than tax revenues currently generate but rather...

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