The Public Purse

Your intelligent source for municipal finance information

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H1 2023 worker shortages

Workers are scarce in several critical areas.  States and the federal government have cut aid to post-secondary education.  Now what?  The pandemic has changed much, but it typically takes time for major paradigm changes to propagate our grey matter.  It… Continue Reading →

H1 2023, Privatization of Higher Education Tuition

Wherein we dive into the paradigm shift in higher education funding Enrollment in post-secondary educational institutions peaked in 1980 and has declined since then. In the recovery following the Great Recession, enrollment grew modestly but declined steadily from 2010, according… Continue Reading →

H1 2023, Workforce Development

How do we strengthen the workforce and attract talent when student debt is so high and we have lost teachers and experts during the “Great Resignation”?  As mentioned in Part Three, Trulia, a subsidiary of the Zillow group, has put… Continue Reading →

Building and Developing Your Career in Public Finance:  Stories from the Field

On behalf of the Milken Institute, Center for Financial Markets I recently interviewed five practitioners, who each took different paths to become successful in banking, economic development, bond insurance underwriting, national association leadership and regulatory education.  To give early and… Continue Reading →

What will 2023 Bring?

We take a ramble through municipal bond volume and trading activity, caution readers about year-over-year (YOY) comparisons, discuss the consequences of COVID migration patterns in the context of static population growth, raise potential credit concerns and comment on the unnecessary… Continue Reading →

ESG Backlash: The Great Political Pillow Fight of 2022*

“Over the last year, 18 states have proposed or adopted state legislation or regulation limiting the ability of the state government, including public retirement plans, to do business with entities that are identified as ‘boycotting’ certain industries based on environmental,… Continue Reading →

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