Associate Professor of Public Policy and Political Science University of California Berkeley
A Volcker Alliance study suggests that while California is reasonably prepared to withstand any future recession, it will still struggle in a downturn.
While there are aspects to the proposal that a municipal professional may admire, it’s not inherently obvious that the shift to a 20/80 split between federal and local funding will produce results.
Municipal bonds present fertile ground for investment professionals interested in reaping risk-free returns by sheltering gains with well-timed losses. But watch out. The financial literature is filled with misleading information that can send investors down the wrong path
The latest continuing resolution leaves state and cities with no clarity on federal budget variables that may affect their own spending plans. And the debt ceiling looms larger.
The MSRB's structure lets public and private sectors work together to foster investment in infrastructure financing, economic development and job creation.
Banks have a range of options to calculate "gross-up" provisions on direct placement bonds, which allow them to maintain their after-tax yield after this year's cut in corporate tax rates.
The bill would restore an important source of liquidity for state and local governments and the financing of critical infrastructure projects in communities across the nation.
