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North Carolina Tax Cap May Imperil Triple-A Rating, Opponents Say
A bill in the North Carolina General Assembly would ask voters to lower the income tax rate to 5.5% from 10%, a move that opponents say would restrict budget flexibility and jeopardize the state's triple-A ratings.  more »
North Carolina Sen. Bill Rabon, R-Onslow, said a proposed cap on income taxes that support the state budget is part of the GOP majority's tax reform plan.
In Michigan it's not just Detroit Public Schools that have fallen victim to the state's population decline. Statewide shrinking enrollment coupled with the expansion of charter schools has stretched state aid dollars and damaged school credit.  more »
Louisiana lawmakers capped their third session of the year on Thursday adopting a fiscal 2017 budget with $300 million in cuts while failing to address a projected $200 million current-year deficit.  more »

Carl Weisbrod, Director of the New York City Department of City Planning, joins Bond Buyer Senior Markets Reporter Chip Barnett to talk about the surge in NYC’s population and corresponding employment growth and why economic growth is dependent upon affordable housing for workers.

Municipalities buy insurance to obtain a higher credit rating for a bond issue and a commensurately lower borrowing cost. The savings arise from a lower coupon or, if the coupon is fixed, a higher price. But how can municipalities make sure that bond insurance makes economic sense for them? The answer is to pay close attention to the costs and benefits.

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