How the Opioid Crisis Hurts Muni Finance Stability: New Study
The opioid crisis has a profound effect on municipal finance, according to a new study from U.S. researchers. The study found that municipalities with higher levels of opioid abuse also saw lower credit ratings, reduces bond issuances and reduces access to capital....
Public Finance Stresses Returning to Pre-COVID Levels, Says Fitch
The U.S. public finance sector is coming out of the fog of the pandemic and is mostly back to facing normal, pre-COVID stresses, according to a new Fitch analysis. The note comments on the ratings outlook for numerous sectors, including utilities, higher education and...
Blindsided by Budget Hole, Chicago Aldermen Want Monthly Revenue Updates
A proposed ordinance would require Chicago’s Finance department to submit monthly revenue collection updates to the city council. These monthly updates would give the city council a more real-time look at tax collections. From the Chicago Sun-Times: Chicago...
All Hope Isn’t Lost for Municipalities Struggling With Pension Debt: Brookings Research
Many local governments, saddled with pension debt, have been grappling with a question: how to fund their retirement systems without gutting benefits or budgets. The answer may be simpler than it appears, according to a new paper from researchers at the Brookings...
Biden’s Spending May Usher In “Golden Decade” for Muni’s, Says Bank of America
A wave of fiscal aid flowing to municipalities from Washington will be a boon for the municipal bond market through 2030, according to a new report from Bank of America Global Research. From Reuters: The market is already cheering the $1.9 trillion fiscal stimulus...Listen to Our Civic Development Podcast!
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