Against a backdrop of its Chapter 9 bankruptcy filing, Detroit is at a crossroads; but a sound Recovery Plan and reinvestment into infrastructure and government services can help bring the Motor City back, and position it for a brighter future.
Participants in the Detroit bankruptcy are presently considering the legal and metaphysical question of whether a state constitutional provision can mandate that, unlike other contracts, unfunded pension obligations must be paid in a municipal bankruptcy without any impairment or reduction. Unfortunately, bankruptcy is the land of broken promises and impaired contracts but, regardless of the outcome of the legal debate, there may be practical answers emanating from the case for all those who are watching Detroit.
MuniNet Medley: 1/23/12 – Louisville Performance Improvement, Harrisburg’s New Treasurer, Premont Cuts Sports, Rochester & Kodak
Louisville aims to improve government performance with private-sector strategies ….. Harrisburg voters elect new (young) city treasurer ….. Premont ISD cuts sports to save school ….. Kodak moments or memories in Rochester
Public school district budgets are feeling the impact of the economic downturn
Build America Bonds are taxable municipal bonds, and subject to standard MSRB rules for municipal securities
Michael J. Ross comments on the potential impact of BAB on the taxable municipal market
Layoffs of local police and fire employees can place cities at risk, resulting in even higher costs
The Governmental Accounting Standards Board has a full agenda for 2009
Employment in the public education sector rose 35% in Nevada between 2002 and 2007
Speakers address economy, energy crisis, and challenges faced by women in politics, government, and municipal finance