Municipal Government Audit Times Likely Affected by GASB Pension Rules A longstanding complaint among municipal bond analysts and investors is that municipal bond credit disclosures are slow to be reported, and not as timely as they are for other securities in the...
A Few Quick Points About City Pension Funding... by Richard A Ciccarone Based on audited results from 701 cities received to date by Merritt Research Services, City single/agent pension funding ratios showed a marked improvement in FY 2015 compared to the...
The most basic sign that a government is living within its means is that it balances its books at the end of the year. Traditionally, most city officials, experts, and observers of state and local government focus primarily on the general fund, usually a government's...
In the second part of our series on city credit quality, the spotlight shifts to the Achilles heel for many cities: public pensions. by Richard A. Ciccarone Governmental credit quality is a byproduct of both the underlying economy and the cumulative...
