Category: Cities
NYC Tax Commission Shined Light On Glaring Inequities in Property Tax System
January 31, 2020 – The New York City Advisory Commission on Property Tax Reform (“Tax Commission”) issued a landmark report…
BuyMuni’s Ten Observations on New York City’s Comprehensive Annual Financial Report 2019
October 31, 2019 – New York City’s financials are a window into local government finances and the health of the…
Mercer Family-Backed Conservative Group Accuses Municipal Bond Issuers Of Being Hypocrites on Climate Change
October 28, 2019 – In a Wall Street Journal opinion piece published yesterday, Peter Schweizer – President of a conservative…
NYC Cash Balance Declined 25% in FY19; Lowest Year End Cash Balance Since 2013
September 9, 2019 – In its Quarterly Cash Report issue today, NYC Comptroller Scott Stringer’s Office reported that the City’s…
BlackRock Reduced Long-Dated Bond Holdings in $11B Muni Fund
August 29, 2019 – BuyMuni’s analysis of BlackRock’s Strategic Municipal Opportunities Fund (“SMO Fund”) investor materials revealed tactical shifts within…
How Low Interest Rates Could Wreck State/Local Budgets and Hurt Credit Quality
The past week was a bumper week in munis, with nearly $14 billion in new issuance. It was also one…
[Op-Ed] Can Lloyd Blankfein Become New York City’s 110th Mayor?
July 15, 2019 – At a Hamptons party this weekend, yours truly stumbled on a particularly raucous conversation on the…
[Moody’s] New York State Tenant Law Won’t Impact NYC Housing Development Corp (“HDC”)
June 20, 2019 – In a short note issued today, Moody’s Investor Service stated that New York State’s recently-enacted Housing…
[BondBuyer] Cook County Mulls Securitization as Revenue Bonds Face Pressure
The Bond Buyer reported on June 10, 2019 that Cook County, Illinois is considering a securitization structure to lower borrowing…
Just How Much Of A Rainy Day Reserve Does NYC Need?
According to the Citizen’s Budget Commission (CBC) – a nonpartisan think-thank – a whopping 17% of tax revenues, which would…
