MuniNet Guide articles and features
Chapter 9 and Alternatives - Part Three: Competing Interests in Chapter 9 and Bondholders’ Rights
Chapter 9 is generally viewed as the remedy of last resort for troubled municipalities. It is a vehicle not for elimination of debt, but for debt adjustment. Accordingly, cities who recently have filed for Chapter 9 have been faced with heated battles between creditors, including bondholders, public employees and other representatives of public debt Continue
Are Public Libraries Still Relevant in American Communities?
As patrons’ habits have changed, public libraries have evolved, retaining their role as an important community resource, offering an increasing variety of materials, services and programs to residents. Despite significant changes driven primarily by technology, libraries remain relevant fixtures in American infrastructure. Continue
Assessing the Credit Quality of America’s Cities - Part Three: Long-Term Liabilities beyond Pensions
In the third part of our series on city credit quality, we examine other liabilities besides pensions that pose a threat to the fiscal health of U.S. cities. Bonded indebtedness, other post-employment benefits (OPEB), derivatives and deferred infrastructure replacement can also result in a budget squeeze. Continue
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