The State of Wisconsin is scheduled to issue $621,980,000 in General Fund Annual Appropriations Refunding Bonds the week of October 28th. The negotiated sale has Citigroup and Barclays as its principal underwriters. About the Bonds Proceeds from the bond issuance will...
Public Pensions
Featured Bond – City of New York $930 million in General Obligation Bonds
The City of New York is expected to issue $850 million in General Obligation Bonds to finance its 2020 budget and various capital projects planned for the new year. The sale is scheduled between October 1st to the 3rd, with Jefferies as the lead underwriter and many...
What Illinois Can Learn From the Supreme Court of Rhode Island and Even Puerto Rico About Public Pension Reform
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...
Not All Cities Have A Pension Problem
By Richard A. Ciccarone, President & CEO of Merritt Research Services, LLC and Co-Owner of MUNINET, LLC The Top 21% of Cities With High Pension Funding Levels Deserve Attention and Usually Praise With so much well-deserved negative attention focused on cities...
Embracing Shared Risk and Chapter 9 to Create Sustainable Public Pensions
Unsustainable and Unaffordable Public Pensions Cannot be Solved by Raising Taxes or the Passage of Time, but There are Some Practical Solutions W. Gordon Hamlin, Jr.; Mary Pat Campbell; Andrew M. Silton; and James E. Spiotto To date, no American state or local...
Overcoming Economic Downturns and Fiscal Distress Part IV: The Need to Successfully Address Public Pensions
In Part IV of ‘Overcoming Economic Downturns and Fiscal Distress’, James Spiotto Discusses the Need to Successfully Address Legacy Costs, So That Funding of Essential Services and Needed Infrastructure Improvement Become the Solution Part III of this series focused on...
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...
Survey Says – Number One Issue for State and Local Governments: Hiring and Retaining Staff
Hiring Trend Continues, as Do Struggles With Turnover The Center for State and Local Government Excellence, an organization dedicated to research on state and local government employee compensation, health care, retirement, and other benefits, carried out their...
Brookings Institution’s 6th Annual Municipal Finance Conference | MuniNet Featured Conference
Conference Hosted by Brookings Institution, Others, Puts Spotlight on Municipal Finance in D.C. The Brookings Institution is going to be putting municipal finance front and center for two days, on Monday, July 17 and Tuesday, July 18 in Washington, D.C. The 6th annual...
Public Pensions: Contributions Up, Investment Earnings Down in 2016
Annual Census of State and Local Public Pensions Shows Discouraging Investment Returns, Declining Assets The U.S. Census Bureau has released its 2016 Annual Survey of Public Pensions, which provides a comprehensive look at the financial activity of the nation's state...