News
State Tax Revenue Rebounds
By Brian Chappatta U.S. state tax collections rose 6.1 percent from July 2011 to September 2011, the seventh straight quarter of growth, and now exceed pre-recession levels, according to a report from the Nelson A. Rockefeller Institute of Government. The … Read more
Downgrades Rule
Downgrades of municipal debt exceeded upgrades for the 12th straight quarter from October 2011 through December 2011, according to Moody’s. About five ratings were cut for every one upgraded in the fourth quarter. The ratio was about 4-to-1 in 2011, … Read more
Record Debt Set for Week
By Michelle Kaske and Andrea Riquier States and localities are poised to borrow the most in a year in a bet that investors in the municipal market, which has beaten U.S. stocks, Treasuries and commodities, will be undeterred by the … Read more
Jeffco Gets Some Advice: ‘Who Can You Sue?’
John Moorlach, who became treasurer of Orange County, California, after it filed the biggest municipal bankruptcy in U.S. history in 1994, has some advice for the new record-holder, Jefferson County, Alabama. Read more
