Muni glad tidings (or at least stable) | NY Torch

Even as states and municipalities face unprecedented capital-markets pressure as they try to issue new debt, Standard and Poor's currenty has no states on ratings-watch negative, or even with a negative outlook. (more…)...

Data of the day | NY Torch

The chart below depicts the 25-year trend in what I call the "Tax Stability Quotient" -- the share of all New York City tax receipts composed of real property, sales, utility and commercial rent taxes, which tend to be the city's most stable revenue ...

Testing the muni market | NY Torch

Ohio sold $240 million worth of long-term municipal bonds yesterday. The bonds carried an annual yield of 5.21 percent, 18 percent higher than last year. Ohio's long-term general-obligation credit is rated two notches above New York State's, which ...

Data of the day | NY Torch

Public school finance will be one of the most hotly contested battlegrounds in New York's coming state budget war.  From last June's preliminary report of the Governor's Commission on Property Tax Relief (aka the Suozzi Commission), here is a remind...
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