Add Xenia Rural Water District’s to the short but growing list of over-leveraged municipal borrowers. With $143 million in debt and about 9,000 customers, the unfolding socio-gram includes bondholders, bond insurers CIFG and Assured Guaranty, the US Department of Agriculture,… Continue Reading →
The author on Bloomberg TV discussing the coming municipal market collapse (not).
An article about upstate New York town of Kingston and their discussion of fiscal stress, union contracts and the debate over Chapter 9 bankruptcy.
Tight financial margins are not kind to political squabbles. In the last few weeks the city of Los Angeles has been engaged in a squabble with the city council and its utility, the Los Angeles Department of Water and Power… Continue Reading →
All expectations are that Harrisburg will miss its payment to Covanta, the incinerator operator, as reported widely in the municipal finance media. Concerning the city’s ability to file Chapter 9 without going through Act 47, see my post about Westfall’s… Continue Reading →
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