Startup Aims To Keep PR Bondholders In The Know
A new company is aiming to keep holders of Puerto Rico bonds informed about the court proceedings there.
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Issuance of private-activity bonds subject to state volume caps declined in 2013 for the third straight year, as PABs face competition from other financing tools, according to an annual survey and market participants. more »
States should consider tying rainy day fund deposits to volatile revenue streams in order to improve their saving methods, according to a report from the Pew Charitable Trusts. more »
Puerto Rico's non-voting representative in Congress met with credit rating agencies and investment bankers in New York last weekend, seeking to assure them of Puerto Rico's economic future. more »
Janney Capital Markets is concerned that Standard & Poor's ratings for some local governments may be too high and out of step with current credit conditions. more »
Puerto Rico Resident Commissioner Pedro Pierluisi is exploring whether Congress might be willing to amend the federal bankruptcy code to allow government-owned corporations in Puerto Rico to file for bankruptcy. more »
State and local governments are more likely to issue pension obligation bonds if they face financial pressures, researchers at the Center for Retirement Research at Boston College found. more »
If there's one thing congressional staff members need to remember about municipal bonds, it’s that they "built America," Columbia, S.C. Mayor Steve Benjamin said Wednesday. more »
State pension funding levels have probably hit their low point, and can begin a long, slow recovery, according to a new report from Standard & Poor's. more »
Social impact bond legislation in Congress authorizes the creation of P3s that would benefit by achieving socially desirable outcomes. more »
Rating agencies and others said that draft standards, which among other things urge states and local governments to disclose their net or total other post-employment benefit liabilities on the face of their financial statements, would be helpful and provide more transparency. more »
States will face widespread shortfalls in personal income tax collections this year after experiencing growth last year, the Rockefeller Institute of Government reported Thursday. more »
State general fund spending is increasing, although it continues to lag behind historical averages and revenue growth remains small in some states, according to a new report from the National Association of State Budget Officers. more »
The estimated aggregate funded ratio of 150 state and local pension plans was unchanged at 72% in fiscal 2013 because actuarially smoothed assets only grew modestly and the California Public Employees' Retirement System significantly revised its reported funded ratio, the Center for Retirement Research at Boston College said in a new report. more »

As the legal fight over Puerto Rico's Recovery Act heats up, Argentina and Arkansas provide roadmaps to what may lie ahead.

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