Author: Geoff Weitzel
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Municipal Bond Credit Report: States are on a budget cutting trend
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. states are expected to cut their budgets, marking a return to more modest levels of spending after years of stimulus-fueled growth and tax cuts… Link to Story
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Municipal Bond Credit Report: Future still murky for public pensions despite record funding ratios
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: State and municipal retirements system are on track this year to outperform their investment targets from last year and push up the funded ratio, according to Equable, a non-profit that works with public retirement system stakeholders to solve pension funding challenges… Link to Story
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Municipal Bond Credit Report: GDPNow – Latest estimate: 2.7 percent — July 17, 2024
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 2.7 percent on July 17, up from 2.5 percent on July 16… Link to Story
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Municipal Bond Credit Report: Real-Estate Meltdown Strains Even the Safest Office Bonds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Defaults are mounting in a favorite Wall Street mortgage-bond investment, setting off fresh alarms about the future of offices and malls in cities across the U.S… Link to Story
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Municipal Bond Credit Report: Illinois reports paying its bills on time and in full
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Illinois state comptroller reported a 55% year-over-year increase in the end-of-year general revenue fund cash balance as her office paid the state’s bills in a timely manner, a departure from recent years when the state’s unpaid bill backlogs topped $10 billion… Link to Story
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Municipal Bond Credit Report: New Jersey college asks bondholders to allow borrowing against mortgage
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Rider University, a small private college outside of Trenton, New Jersey, is trying to raise additional funds to help an ongoing liquidity crunch. .. Link to Story
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Municipal Bond Credit Report: New York City budget has no rainy day deposit amid strong economy
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Better-than-expected revenues, a strong economy and savings on asylum seeker programs allowed the city to restore cuts to social services. But analysts warn the city’s bad budgeting habits remain… Link to Story
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Municipal Bond Credit Report: Property Fraud Allegations Snowball as Commercial Real-Estate Values Fall
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. prosecutors are cracking down on commercial mortgage fraud, a growing push that is sending shudders through the $4.7 trillion industry by raising questions about the numbers underpinning major property loans… Link to Story
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Municipal Bond Credit Report: GDPNow Latest estimate: 2.2 percent — June 28, 2024
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 2.2 percent on June 28, down from 2.7 percent on June 27… Link to Story
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Municipal Bond Credit Report: Nebraska governor pushes for property tax reform
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The plan involves funding Nebraska’s K-12 schools through sales taxes — eliminating certain sales tax exemptions and raising taxes on advertising, cigarettes, vaping products and alcohol — rather than through property taxes, according to comments by Pillen in his monthly radio call-in show, the Nebraska Examiner reported… Link to Story