Rich Ciccarone

City Pension Funding Ratios Take a Bounce Back in 2015 for Most Cities

Aug 1, 2016 | Municipal Finance, Public Pensions, Regulatory & Standards

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...

Assessing the Credit Quality of America’s Cities – Part Five: The Bottom Line

Aug 25, 2015 | Fiscal Distress, Municipal Bonds, Municipal Bonds, Credit Quality and Disclosure, Municipal Finance

Due to its lack of accounting for infrastructure assets and all long-term debt and liabilities, including pensions, general fund analysis has limited utility when analyzing municipal financial health. By Richard A. Ciccarone By incorporating the...

Assessing the Credit Quality of America’s Cities – Part Four: FY 2014 Financial Condition

Aug 13, 2015 | Cities, Cities & States, Cities, Towns & Villages, Fiscal Distress, Municipal Bankruptcy, Municipal Bond Trading & Underwriting, Municipal Bonds, Municipal Bonds, Credit Quality and Disclosure, Municipal Finance, Public Pensions

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...

City Pension Funding Ratios Take a Bounce Back in 2015 for Most Cities

Assessing the Credit Quality of America’s Cities – Part Five: The Bottom Line

Assessing the Credit Quality of America’s Cities – Part Four: FY 2014 Financial Condition

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