Category municipal bonds

The dissolution of the Reedy Creek Improvement District (RCID, or District) raises important questions for municipal bonds.  In this hyper-partisan environment, there is increased danger that state governor/legislative actions could impair bondholder rights. Special districts have been around in the… Continue Reading →

I am uploading a special issue of Fiscal Stress Monitor from my “wayback machine” devoted to special districts. This, in response to some great discussion on Twitter about the de-districting of Reedy Creek Improvement District (RCID) in Florida. Special districts,… Continue Reading →

Who imagined that the supply chain that feeds, clothes, shelters, and transports us would be subject to this sequence of events over less than half a decade?  We did a “Google Trend” search on the term “unprecedented” and found the… Continue Reading →

We upload a presentation that we gave to state legislators in Minnesota, focussed on climate change and capital investment. In it, there are links to some core resources you might find useful. Some states and local governments are now beginning… Continue Reading →

We take a trip through the latest Federal Reserve (FR) Z.1 report data relating to municipal bonds, holders and related credit factors such as public pension funding and consumer debt such as student loans. Following tax reform, which lowered corporate… Continue Reading →

The COVID-19 pandemic exposed social inequalities in healthcare, the division of labor and wealth for those without property or money in financial markets. Russia’s war against the people of Ukraine has exposed our global reliance on oil and gas, as… Continue Reading →