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Credit Impact of Inequality? Rating Firm to Grade Cities on “Fiscal Justice”

by CivMetrics Staff | May 21, 2021 | Public Finance

A new bond rating firm will be grading cities’ credit by looking at the cumulative fiscal effect of inequality — such as expenses related to police brutality and other social justice issues. From Bloomberg: The Fiscal Justice Credit Rating Agency is...

Income Tax Credits Reduce Suicides, Says Study

by CivMetrics Staff | May 21, 2021 | Public Finance, Public Health

Earned income tax credits can be used as a mechanism for reducing suicide rates among low-income adults, according to new research published in the journal Preventative Medicine. From the study: We sought to assess the impact of income support in the form of state...

Cities That Hike Hotel Taxes Don’t See Tourism Dip: Study

by CivMetrics Staff | May 21, 2021 | Public Finance

Cities that hiked their tourism-related taxes did not see dips in tourism, according to researchers who studied the relationship between taxes and tourism in eight U.S. cities. The study was published in the most recent issue of the journal Travel Economics. From the...

Colleges Begin Selling Bonds Again, Betting on Campus Life Resurgence

by CivMetrics Staff | May 12, 2021 | Public Finance

Universities have begun selling bonds again, as schools and investors alike bet on a resurgence of on-campus life. From Bloomberg: After a year of declining enrollment, online classes and vacant quads, schools have started selling bonds again for new dormitories,...

Miami and Miami-Dade Study Paying Employees, Investing Treasury In Bitcoin, Crypto

by CivMetrics Staff | May 12, 2021 | Public Finance

A Miami commission is studying the risks and rewards of diving into cryptocurrency, including paying city workers in bitcoin, and investing a portion of the city treasury in cryptocurrencies, among other proposals. From Bond Buyer: Miami Mayor Francis Suarez sees the...

As Property Tax Receipts Plunge, New York City Sees Summer As “Recovery Moment”

by CivMetrics Staff | May 12, 2021 | Public Finance, Real Estate Economics

COVID cleared out New York City’s business district, and now the city is grappling with a struggling commercial real estate market and plunging property tax revenues. City officials are increasingly viewing this summer as a “recovery moment”. More...
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