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Anchorage Mayor Dan Sullivan delivered a shot across the bow to the city's employees when he unveiled his proposed 2011 budget Oct. 1.
October 7 -
WASHINGTON — The Governmental Accounting Standards Board is set to kick off a series of public hearings next week on its preliminary draft pension-fund accounting and financial reporting standards that are designed to boost the disclosure of public pension liabilities but are proving to be controversial.
October 6 -
WASHINGTON — Municipal market participants should not expect the Treasury Department to simply rubber-stamp the existing tax-exempt bond rules for issue price when it comes to Build America Bonds, a Treasury official told bond lawyers at a recent meeting.
October 6 -
SAN FRANCISCO — Industry experts echoed concerns Wednesday about regulatory changes in the municipal bond industry and the possible impact the changes may have in the coming weeks and months.
October 6 - California
SAN FRANCISCO — If Thursday’s scheduled votes on a California budget are successful, the state hopes to be in the market with up to $10 billion of revenue anticipation notes sometime in November, Treasurer Bill Lockyer said Wednesday.
October 6 -
Despite recent warnings from some financial experts that the ongoing financial troubles of state and local governments will lead to municipal bond defaults, state credits remain much more stable than corporate credits, Moody’s Investors Service said Wednesday.
October 6 - Washington
City tax revenues are following the lead of state tax revenues, showing record-breaking declines that are not expected to improve this year or next, according to an annual report released Wednesday by the National League of Cities.
October 6 - California
Los Angeles-based Wedbush Securities only started senior managing municipal borrowings a decade ago, but after a few years of rapid growth the firm is setting itself ambitious goals.
October 5
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WASHINGTON — The Treasury Department wants to hear from the public about the form issuers must file to recover excess amounts of arbitrage they rebated to the federal government.
October 5 - Washington
Residents of five states with fiscal challenges would rather lawmakers continue to cut spending or raise taxes than borrow to cover short-term budget deficits, according to a report issued Tuesday by the Pew Center on the States and the Public Policy Institute of California.
October 5
