In Part III of ‘Overcoming Economic Downturns and Fiscal Distress’, James Spiotto Discusses How We Can Solve Financial Distress with Economic Development and Stimulus from Needed Infrastructure Improvements MuniNet Guide's series on Overcoming Economic Downturns and...
James Spiotto
Overcoming Economic Downturns and Fiscal Distress Part II: Alternatives Available to the State of Illinois and its Municipalities
'Overcoming Economic Downturns and Fiscal Distress' Continues with Part II: Alternatives Available to the State of Illinois and its Municipalities to Monitor and Provide Oversight and Assistance to Financially Troubled Municipalities In the previous part of...
Overcoming Economic Downturns and Fiscal Distress Part I: The Gathering Storm
In Part I of 'Overcoming Economic Downturns and Fiscal Distress', James Spiotto Looks at the Gathering Storm in Illinois and Its Municipalities since 2000 In the Introduction to this series, James Spiotto stressed the need for deliberate, disciplined...
How State and Local Governments Can Overcome Economic Downturns and Fiscal Distress
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 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 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 VII: Remedies in State Law
Part VII of James Spiotto’s Series on Fiscal Distress Myths & Realities: Do the State Statutes and Case Law Provide Effective Remedies? Myth: There are no Effective Remedies for State and Local Government Bond Defaults Reality: There are Effective...
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 II: Municipalities Use of Chapter 9 is Rare
Part II of James Spiotto’s Series on Fiscal Distress Myths and Realities: Municipalities Use of Chapter 9 is Rare Compared to Corporations Use of Chapter 11 See Part I of this series: Default Rate for State and Local Government Debt Has Been Relatively...
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...