In its recent release of City Fiscal Conditions, the National League of Cities reported that “all major tax sources grew slower in FY 2017 than in FY 2016. Property tax revenues, a staple resource at the local level, grew 2.6%… Continue Reading →
Unemployment is at an all-time low – 3.7% as released by BLS on Oct. 19 for September. But this only tells part of the story and misses important divergences since the Great Recession. Certainly (hopefully) election pundits and pollsters are… Continue Reading →
Dear Readers: After an eight year hiatus, we are re-launching The Public Purse blog. The timing is right to reflect on conditions eight years ago when the private sector was beginning to recover from the recession while the public sector… Continue Reading →
School districts are often considered the safest investments in the tax exempt markets. They receive from 20-90% of their funding from their state governments, most of the rest from property taxes. So what to worry? Well, state governments, whose revenues… Continue Reading →
Prichard, Alabama, town of about 25,000, outside of Mobile, filed Chapter 9 bankruptcy in 1999 and finally exited in 2002. They look poised for a second round. Their issues seem similar to Vallejo, California – they cannot afford to continue… Continue Reading →
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