MuniNet Guide Co-Publisher James Spiotto Looks at How We Got Here, Where We Can Go, and How States Are Working to Trim Expenditures While Working on Policy Goals by James Spiotto Over the past sixteen years we have had two recessions (2001 and 2007), the...
Fiscal Distress
Re-Assessing the Credit Quality of America’s Cities in 2017 – Part One: Examining Financial Health Against a Backdrop of High Ratings
Are Credit Ratings Reflecting True Risk? More than two years ago, MuniNet published a five-part series on Assessing the Credit Quality of America's Cities, intended to examine and create a framework to analyze the financial health of cities. With this first...
The Vote is in for Chicago Growth at Conference on Fiscal Future
Experts and Business Leaders Believe Engines of City's Fiscal Ship Powerful Enough to Steam Ahead, Despite Headwinds The Civic Federation and the Federal Reserve Bank of Chicago hosted an event, 'Chicago’s Fiscal Future: Growth or Insolvency?' on Wednesday at...
Fiscal Contagion: When Distressed Municipalities Put States and Local Clusters at Risk
by Richard A. Ciccarone When a municipal government suffers severe fiscal problems, be it a city, county, school district, utility district, or any other special purpose government, those problems have a tendency to impact or be shared by other governments. Bond...
Fiscal Distress Myths and Realities Part X: Need for Continuing Disclosure During Financial Distress
Part X of James Spiotto’s Fiscal Distress Myths and Realities focuses on the need for timely and complete continuing disclosure on material events during financial distress of state and local government Myth: It is Best That the State or Local Government in Default...
Fiscal Distress Myths and Realities Part IX: Solving Fiscal Distress With Economic Development
Part IX of James Spiotto's Fiscal Distress Myths and Realities focuses on solving fiscal distress through economic development and infrastructure Myth: There is Little or Nothing Financially Distressed States and Local Governments Can Do to Improve or Turn Around...
Fiscal Distress Myths and Realities Part VIII: State Oversight and Assistance to Prevent Defaults
Part VIII of James Spiotto’s Series on Fiscal Distress Myths & Realities: Is Effective State Oversight and Assistance Available to Prevent Defaults or Aid a Financially Troubled Municipality? Myth: If a Municipality Cannot Cure or Resolve a Default, There...
Fiscal Distress Myths and Realities Part VI: Types of Public Debt Honored in Full in Chapter 9
Part VI of James Spiotto’s Series on Fiscal Distress Myths & Realities: Public Debt That Has A Pledge of Special Revenues or Statutory Liens is to be Unimpaired in Chapter 9 Bankruptcy and is to Have the Benefit of the Bargain Honored in Full Myth: All Municipal...
Fiscal Distress Myths and Realities Part IV: Can a Municipality File Chapter 9?
Part IV of James Spiotto’s Series on Fiscal Distress Myths & Realities: Whether a Municipality Can File for Chapter 9 Bankruptcy Fiscal Distress Myths and Realities Part I: Default Rate Fiscal Distress Myths and Realities Part II: Use of Chapter 9 Fiscal...
Fiscal Distress Myths and Realities Part III: Government Defaults Have Consequences
Part III of James Spiotto’s Series on Fiscal Distress Myths and Realities: Access and the Cost of Borrowing is a Reflection of the Perceived Risk of the Government Credit Fiscal Distress Myths and Realities Part I: Default Rate Fiscal Distress...