By James E. Spiotto The U.S. Supreme Court and virtually all state courts have recognized what the Rhode Island Supreme Court recently reaffirmed: insurmountable, unaffordable government contractual obligations for public pensions must be capable of reasonable and...
Jim Spiotto
An Update on the Evolution of Taxing Policy in the New World of Digital, Shared Economy, and Artificial Intelligence Revolution
By James E. Spiotto This is Part 3 in a 4-part article series on the Post-Fiscal Crisis State and the next fiscal crisis considerations. The information and charts come from a presentation given at the Government Finance Research Center's conference entitled "Ready or...
An Update on Comparisons of Key Economic and Debt Factors: The Good, the Bad, and the Ugly
By James E. Spiotto This is Part 2 in a 4-part article series on the Post-Fiscal Crisis State and the next fiscal crisis considerations. The information and charts come from a presentation given at the Government Finance Research Center's conference entitled "Ready or...
The Gathering Storm: Illinois & Chicago MSA’s Challenging Financial Developments Due To The Great Recession
By Jim Spiotto This is Part 1 in a 4-part article series on the Post-Fiscal Crisis State and the next fiscal crisis considerations. The information and charts come from a presentation given at the Government Finance Research Center's conference entitled "Ready or Not?...
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 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...
Is Chapter 9 the Best Resolution Mechanism for Financially Distressed Schools or Are There Better Alternatives? – PART TWO
STATE MONITORING, OVERSIGHT, INTERVENTION, REFINANCING AND, IF NECESSARY, DISSOLUTION OF FINANCIALLY DISTRESSED SCHOOL DISTRICT by James E. Spiotto* This is Part Two of the two part series on the alternatives available to a financially distressed school...
Is Chapter 9 the Best Resolution Mechanism for Financially Distressed Schools or Are There Better Alternatives? – PART ONE
Why Financially Distressed School Districts Have Wisely Chosen Not to File Chapter 9 Bankruptcy by James E. Spiotto* This is Part One of a two part series on the alternatives available to a financially distressed school district. This series is taken from a...
Court Review of Public Pension Reform: The Latest Ruling Emphasizes Consensual Agreement Over Legislatively Mandated Changes
by James E. Spiotto* Over the last eight years, over 45 states and numerous local governments have instituted some form of pension reform which many times included increasing contributions and reducing benefits. Over the last four years, there have been over 18 state...
Written Statement of James E. Spiotto to the U.S. Senate Judiciary Committee
By James Spiotto United States Senate Committee on the Judiciary Hearing on Puerto Rico’s Fiscal Problems: Examining the Source and Exploring the Solution Is Chapter 9 Bankruptcy the Ultimate Remedy for Financially Distressed Territories and Sovereigns Such as Puerto...