Category: Budgets
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…
Tax Flight Is Real: TX and FL Gain. NY, CA and NJ Lost Residents.
January 6, 2020 – In a report authored by Bank of America Securities analyst Ian Rogow, 2017-2018 migration data issued…
Opinion: Why A Rainy Day Fund Is A Terrible Idea for New York City
Time and again, American voters forgive politicians with bad ideas – so long as they possess slick delivery. Often, voters…
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…
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…
Fitch: Most States Experiencing Revenue Growth But FY2020 Outlook Remains Cautious
In a report issued on August 1, 2019, Fitch Ratings (“Fitch”) analysts opined that most U.S. states are experiencing solid…
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…
Moody’s: Delay in State Budgets for Fiscal Year 2020 Reflect Governance Weakness
July 3, 2019 – In a report issued today, Moodys’ Investor Service said seven states – MA, NH, NC, OH,…
Citi Analysts: Questionable Attempt to Question the Legality of Illinois GO Debt
July 2, 2019 – In a “flash” note issued late Monday, Citi’s municipal analysts Vikram Rai and Jack Muller cast…
[WSJ] Connecticut’s Blue Politicians Spill an Ocean of Red Ink
The Wall Street Journal reported on June 14, 2019 that Connecticut’s biennial budget soon to be signed by new Democratic…
