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Weather, ‘Tis No Blur in the Mind

The Colorado State University Center for Tropical Weather and Climate Research will issue its first forecasts for the 2024 Atlantic Basin hurricane season on April 4 at 10am EDT.  Elsewhere, in Sarasota, Florida, the recently formed Climate Adaptation Center is… Continue Reading →

Is the State of Illinois Insolvent?

The Illinois Comptroller’s April report  is scary reading.  The state is $4.5 billion in arrears on payments to vendors and others (like school districts and service providers) with no end in sight.  The Comptroller expects 2011 to be worse.  The following chart… Continue Reading →

Municipal Market Meltdown? Response to Bookstaber

We have two opposing camps in the muni-market at the moment: those who say it is the next systemic shoe to drop and the rating agencies that are systemically raising ratings. Which is right? We have moved from a market… Continue Reading →

State and Local Spending Increases 1982-2007

The tables below are for contextual reference as state and local governments face draconian spending cuts.   The combination of public policy with the several bubble periods over the last twenty-five years has created a toxic brew.  Some state and local governments are… Continue Reading →

State of the States — liquidity is becoming an issue

Several states are showing scary illiquidity.  New Jersey’s governor just yesterday impounded funds the legislature had already appropriated and announced a state of emergency.  He stopped short of “declaring” emergency, which would have given him special powers over contracts.  New… Continue Reading →

Oregon Tax Hikes Passed by Voters

Oregon voters passed Propositions 66 and 67 yesterday which support Governor Kulongowski’s budget proposal.  The following link will give you detail on the propositions, the vote, the key donors to each campaign and the groups advocating pro and con.  Oregon is… Continue Reading →

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