Why Pension Funding Crisis Hits Schools Hardest
Education is potentially the most important public service to suffer from the $1.7 trillion pension funding crisis, said a Manhattan Institute report.  more »
"The additional promises were not accompanied by responsible funding plans," wrote the Manhattan Institute's Josh McGee.
Infrastructure plans proposed by Hillary Clinton and Donald could cost anywhere from $300 billion to $600 billion, according to a recent report by the Committee For A Responsible Federal Budget. more »
The adjusted net pension liabilities of states totaled $1.25 trillion, or 119% of their revenue, in fiscal 2015 and were expected to grow by $50 billion at the beginning of this fiscal year, according to a report by Moody’s Investors Service. more »
The District of Columbia has paved the way for construction of a $300 million stadium for Major League Soccer's D.C. United by handing over land in Buzzard Point to the team. more »
The next president must maintain the tax exemption for municipal bonds -- the “bread and butter” of infrastructure financing -- or risk costing cities up to $500 billion, a group of mayors recently told Republican and Democrat campaign representatives. more »
The Senate on Wednesday passed a continuing resolution that would keep the federal government running through Dec. 9, preventing a government shutdown on Oct. 1. more »
Infrastructure projects in the U.S. are plagued by long pre-construction periods, an under-utilization of the public-private partnership financing model, and an inability to both gain support and access capital, a panel of market participants said this week. more »
The National Federation of Municipal Analysts is urging charter schools to provide detailed financial, academic, and staffing information in primary and secondary disclosure documents. more »
Puerto Rico’s retirement system plans to join an ongoing lawsuit filed against UBS over the alleged mishandling of pension obligation bond proceeds. more »
A bill introduced in the House would make municipal bonds issued by historically black colleges and universities tax-exempt at the federal, state and local levels. more »
While Mayor Rahm Emanuel has chipped away at the pension problem, Chicago has come nowhere close to identifying a solution. The city must, at a bare minimum, contribute enough every year, including 2016, to ensure that the plans' funded ratio not drop below, and that their unfunded liabilities not exceed, 2015 levels. more »
A bill introduced in the Senate Thursday by three New England Democrats would create a federal green bank in order to attract larger private investments in clean energy and energy efficient projects. more »
State tax revenue declined in the second quarter after showing weak growth during the first three months of the year, according to a report from the Nelson A. Rockefeller Institute of Government. more »
Congress is not likely to do much other than passing a continuing resolution to avoid a government shutdown before they recess later this week or next until after the elections in mid-November, according to municipal market participants. more »

James Colby, Senior Municipal Strategist and author of the Muni Nation blog at Van Eck, stopped by The Bond Buyer recently to chat with Senior Markets Reporter Chip Barnett about municipal market performance. He also discussed the stability of munis versus other asset classes, muni bond fund inflows versus money market fund outflows, muni exchange traded funds, and what to expect in the last quarter the year.

The SEC's MCDC initiative is causing many municipal issuers and underwriters to change the way they do things.

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