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If the decline in Cook Countys population continues, it will make solutions to Chicagos and Illinoiss fiscal problems more difficult, especially if the decline in population is driven by a desire to escape the tax burden.
March 29
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After being one of the best performing asset classes last year, municipals have underperformed taxable markets this year.
March 22 -
A New Jersey senators proposal to resolve the Puerto Rican economic crisis sets a dangerous precedent by elevating public pensions over the islands other liabilities and thus undermining the time-honored priority of the general obligation pledge. And with many in the municipal market tiring of the islands narrative and choosing to ignore the storyline, the consequences could be dire.
March 16 -
The Presidential race is approaching the stage when it becomes appropriate to begin thinking about the potential for policy changes that would impact the municipal bond market.
March 15 -
Bank placements will continue to be an attractive capital source for not-for-profit hospitals and other tax exempt entities, though the lower cost of capital comes with certain inherent risks compared with traditional publicly offered bonds.
March 10 -
This is not a normal time in Atlantic City. In fact, our city is at a crossroads of historic proportions.
March 9 -
The latest data underscore the weakness of economies in the oil patch and the continued decline in variable rate trading.
March 8 -
Since 2010, over 64,000 new beds on more than 100 different campuses across the country have been financed, built and are being maintained by the private sector.
March 7 -
To address the lack of clarity of chapter 9 and to root it in municipal realities, attorney David Dubrow of Arent Fox LLP lists the top five critical changes that should be made to protect the capital markets.
March 3 -
Understanding your culture is a priority for the Financial Institution Regulatory Authority. While some doubt FINRA can do this, there are steps your firm can take to demonstrate adherence to rules and regulations that have an impact on the objective "indicators" of FINRA's cultural assessment.
March 1