The bond prospectus – what it is and what it tells you

JANUARY 22, 2020 | NJ SPOTLIGHT (NEW JERSEY) | by Richard Keevey

If one wants to know about the finances of a state or local government — do not go first to the annual budget or the annual financial statements. Instead, obtain the latest bond prospectus — also referred to as the official statement

Enjoying the Indiana sales tax

JANUARY 22, 2020 | GREATER FORT WAYNE BUSINESS WEEKLY (INDIANA) | by Morton Marcus

One night recently, in a moment of unusual calm, I sat down to read the 2019 Annual Report of the Indiana Department of Revenue

Unfortunately, bad government will be rewarded

JANUARY 22, 2020 | FREMONT NEWS MESSENGER (OHIO) | by John Damschroder

OPERS joins the rest of Ohio’s public employee pensions in making benefit cuts, 

Assessor Fritz Kaegi to critics: Some real estate investors are playing politics for financial gain

JANUARY 22, 2020 | CHICAGO TRIBUNE | by Hal Dardick

Cook County Assessor Fritz Kaegi on Tuesday pushed back at critics in the development community

Voters deserve the truth on pension-driven tax hikes

JANUARY 22, 2020 | WASHINGTON EXAMINER | by Robert Fellner

Soaring public pension costs are driving a wave of tax hikes across California, but many officials are reluctant to 

What good are new taxes if there’s no one here to pay them?

JANUARY 21, 2020 | THE NEWS-GAZETTE (ILLINOIS) | by Jim Dey

A Chicago financial watchdog group — Truth-in-Accounting — puts out daily reports about the financial health of various cities and states, including Illinois.

Why nobody but bond buyers should like Chicago’s latest deal

JANUARY 21, 2020 | WIREPOINTS ILLINOIS NEWS | by Mark Glennon

In Chicago, “they do things they don’t do on Broadway,” goes that Frank Sinatra song, My Kind of Town. They also do things they don’t do on Main Street, and for good reason.

Police and fire overtime continue to surge in Chicago

JANUARY 21, 2020 | CHICAGO SUN-TIMES | by Fran Spielman

Chicago taxpayers spent nearly $210 million on police and fire overtime last year — and another $33.7 million on lump-sum payments to departing employees, most of them police officers, records show.

Why these 4 Southern California cities were called out for debt management troubles

JANUARY 21, 2020 | ORANGE COUNTY REGISTER | by Tony Saavedra

Four Southern California cities have been identified among the worst in the state for managing debt in an annual financial report conducted by an Orange County lawmaker.

NJ is set to change a key assumption about public-employee pension investments

JANUARY 21, 2020 | NJ SPOTLIGHT (NEW JERSEY) | by John Reitmeyer

Later this year, New Jersey will begin a planned lowering of the public-employee pension system’s assumed rate of return for its long-term investments.

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