Pension obligation bond

Huntington Beach approved a resolution to refinance up to $436 million of public employee pension debt with pension obligation bonds.

Tom Kozlik of Hilltop Securities explores how pension underfunding woes continue to weigh on public finance. Paul Burton hosts.

The continued low interest rate environment is compelling more cities to explore issuing the bonds.

Xay Khamsyvoravong, chairman of the Providence Water Supply Board, explains how this trending accounting tool could help offset Rhode Island’s local pension liabilities. Paul Burton hosts.

Market observers says Lori Lightfoot should go light on one-time maneuvers, avoid fiscal gimmicks, and move the city toward structural balance.

Bloomfield Township it cutting its budget after voters rejected a tax levee that was to help it meet its $161 million in unfunded liabilities.

The bonds sold for Paradise, the town nearly leveled by a 2018 fire, remain at speculative grade.

State Rep. Jonathan Steinberg and EisnerAmper's Michael Imber discuss the recommendations of the Connecticut Pension Sustainability Commission, including asset transfers. Paul Burton hosts.

The GOP proposal would slow down the full funding of the closed pension system, using annual savings for roads.

The plan would have the state issue $10 billion of pension obligation bonds to create annual budget savings to fund road repairs.