Author: Geoff Weitzel
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Municipal Bond Credit Report: Unfunded liabilities on the rise for Chicago area pension funds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Stronger investment returns in 2016 couldn’t stave off growth in the unfunded liabilities for most of the 11 local government pension funds tracked annually by a non-partisan Illinois legislative commission… Link to Story
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Municipal Bond Credit Report: How a bungled prosecution will put Nassau County deeper in debt
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Nassau County, N.Y., will issue bonds to partially fund a $46 million court judgment owed to two men who were exonerated for a 1985 murder conviction… Link to Story
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Municipal Bond Credit Report: Indiana distressed schools bill sets up fight over local control
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Legislation to hand control of Muncie, Indiana Community Schools to Ball State University without a timeline for returning the district to local control sparked worries that other school districts may become vulnerable to a similar takeover… Link to Story
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Municipal Bond Credit Report: League of California Cities® Retirement System Sustainability Study and Findings Jan 2018
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: California cities will see their general fund contributions to public pensions nearly double over the next seven years, according to a study commissioned by the League of California Cities… Link to Story
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Municipal Bond Credit Report: Judge’s decision on Puerto Rico special revenue bonds draws fire
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Puerto Rico Title III bankruptcy judge Laura Taylor Swain was wrong in ruling that the island’s special revenue bonds shouldn’t continue to pay in bankruptcy, said municipal bankruptcy expert James Spiotto… Link to Story
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Municipal Bond Credit Report: Balanced Detroit budget positions city to exit state oversight
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Detroit closed the books on fiscal 2017 with a $53 million surplus, marking its third consecutive year of positive budget results since exiting Chapter 9, according to newly published audited results… Link to Story
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Municipal Bond Credit Report: Four years after bust, tables have turned for most energy states
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A steady rise in oil prices is improving the economies of most energy producing states, but for some, fiscal resiliency has become weaker, according to Fitch Ratings… Link to Story
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Municipal Bond Credit Report: Why did Connecticut pick Kroll over Moody’s on special-tax deal?
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Connecticut replaced Moody’s Investors Service with Kroll Bond Rating Agency for its planned $800 million sale of special tax obligation bonds, scheduled for Tuesday and Wednesday… Link to Story
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Municipal Bond Credit Report: Pension pressures cited in Kentucky plan to cut 70 state programs
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Under pressure to fund Kentucky’s ailing pensions, Gov. Matt Bevin recommended cutting 70 state programs as part of his biennial budget… Link to Story
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Municipal Bond Credit Report: Santee Cooper's biggest customers want a special committee to decide if it should be sold
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Santee Cooper’s biggest customers don’t know whether they want the state-owned utility to be sold, but they agree on this: They want the Legislature to name a special committee to consider the idea… Link to Story