Tag Archives: budget

Municipal Revenue Insurance

Cities, counties, and states are dangerously close to defaulting on their bonds — so they say. The problem is widespread because tax revenues (income & even property) are as volatile as the local economy, but spending needs to be stable. … Continue reading

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(Source: http://www.nytimes.com/2011/06/23/us/23indiana.html?seid=auto&smid=tw-nytimes&pagewanted=all)

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