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	<title>The Public Purse &#187; cities</title>
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		<title>San Diego City’s Financial Crisis: The Past, Present and Future</title>
		<link>http://www.thepublicpurse.com/2010/06/09/san-diego-city%e2%80%99s-financial-crisis-the-past-present-and-future/</link>
		<comments>http://www.thepublicpurse.com/2010/06/09/san-diego-city%e2%80%99s-financial-crisis-the-past-present-and-future/#comments</comments>
		<pubDate>Wed, 09 Jun 2010 14:29:59 +0000</pubDate>
		<dc:creator>Natalie Cohen</dc:creator>
				<category><![CDATA[Budget and Finance]]></category>
		<category><![CDATA[Taxpayer v. union]]></category>
		<category><![CDATA[bankruptcy and default]]></category>
		<category><![CDATA[cities]]></category>
		<category><![CDATA[municipal bonds]]></category>
		<category><![CDATA[pensions]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[Chapter 9]]></category>
		<category><![CDATA[fiscal emergency]]></category>
		<category><![CDATA[municipal bankruptcy]]></category>
		<category><![CDATA[municipal bond default]]></category>
		<category><![CDATA[state and local politics]]></category>

		<guid isPermaLink="false">http://www.thepublicpurse.com/?p=979</guid>
		<description><![CDATA[The Grand Jury of San Diego issued a report of this title yesterday.  Also, at yesterday’s GFOA (Government Finance Officers Association) business meeting, the group voted  that the Government Accounting Standards Board should stay away from the topic of sustainability.  The only conclusion one can draw from the Grand Jury report is: the city of [...]]]></description>
		<wfw:commentRss>http://www.thepublicpurse.com/2010/06/09/san-diego-city%e2%80%99s-financial-crisis-the-past-present-and-future/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>California Cities and Bankruptcy</title>
		<link>http://www.thepublicpurse.com/2010/05/29/california-cities-and-bankruptcy/</link>
		<comments>http://www.thepublicpurse.com/2010/05/29/california-cities-and-bankruptcy/#comments</comments>
		<pubDate>Sat, 29 May 2010 14:41:38 +0000</pubDate>
		<dc:creator>Natalie Cohen</dc:creator>
				<category><![CDATA[bankruptcy and default]]></category>
		<category><![CDATA[bond insurance]]></category>
		<category><![CDATA[cities]]></category>
		<category><![CDATA[municipal bonds]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[fiscal emergency]]></category>
		<category><![CDATA[municipal bankruptcy]]></category>

		<guid isPermaLink="false">http://www.thepublicpurse.com/?p=955</guid>
		<description><![CDATA[See this post on Reuters for discussion about Antioch, latest city in California to talk bankruptcy.  There is a bill, sponsored by state senator Mendoza, AB155, that would require cities to go through the state (via the California Debt and Investment Advisory Commission, CDIAC).  The bill was referred last week by the Senate appropriations committee [...]]]></description>
		<wfw:commentRss>http://www.thepublicpurse.com/2010/05/29/california-cities-and-bankruptcy/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Los Angeles, LADWP and Political Risk</title>
		<link>http://www.thepublicpurse.com/2010/04/15/los-angeles-ladwp-and-political-risk/</link>
		<comments>http://www.thepublicpurse.com/2010/04/15/los-angeles-ladwp-and-political-risk/#comments</comments>
		<pubDate>Thu, 15 Apr 2010 16:42:25 +0000</pubDate>
		<dc:creator>Natalie Cohen</dc:creator>
				<category><![CDATA[Budget and Finance]]></category>
		<category><![CDATA[cities]]></category>
		<category><![CDATA[municipal bonds]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[fiscal emergency]]></category>
		<category><![CDATA[municipal bankruptcy]]></category>
		<category><![CDATA[state and local politics]]></category>

		<guid isPermaLink="false">http://www.thepublicpurse.com/?p=849</guid>
		<description><![CDATA[Tight financial margins are not kind to political squabbles.  In the last few weeks the city of Los Angeles has been engaged in a squabble with the city council and its utility, the Los Angeles Department of Water and Power (LADWP).  The city’s mayor wants the utility to implement green power, the utility asked for [...]]]></description>
		<wfw:commentRss>http://www.thepublicpurse.com/2010/04/15/los-angeles-ladwp-and-political-risk/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Regulatory Reform Senate Banking Committee Link and New Jersey Governor Approves Pension Reform</title>
		<link>http://www.thepublicpurse.com/2010/03/23/regulatory-reform-senate-banking-committee-link-and-new-jersey-governor-approves-pension-reform/</link>
		<comments>http://www.thepublicpurse.com/2010/03/23/regulatory-reform-senate-banking-committee-link-and-new-jersey-governor-approves-pension-reform/#comments</comments>
		<pubDate>Tue, 23 Mar 2010 16:39:47 +0000</pubDate>
		<dc:creator>Natalie Cohen</dc:creator>
				<category><![CDATA[cities]]></category>
		<category><![CDATA[municipal bonds]]></category>
		<category><![CDATA[regulatory reform]]></category>

		<guid isPermaLink="false">http://www.thepublicpurse.com/?p=791</guid>
		<description><![CDATA[Just thought I would post a really useful link for documents and explanations of the financial regulatory reform legislation as it moves through Congress.  As you know, the Senate Banking Committee approved the &#8220;manager&#8217;s amendment&#8221; and the discussion will likely go to the floor for debate, maybe after the Easter recess.  Like everything else in [...]]]></description>
		<wfw:commentRss>http://www.thepublicpurse.com/2010/03/23/regulatory-reform-senate-banking-committee-link-and-new-jersey-governor-approves-pension-reform/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Ohio Fiscal Emergencies</title>
		<link>http://www.thepublicpurse.com/2010/03/07/ohio-fiscal-emergencies/</link>
		<comments>http://www.thepublicpurse.com/2010/03/07/ohio-fiscal-emergencies/#comments</comments>
		<pubDate>Sun, 07 Mar 2010 15:42:11 +0000</pubDate>
		<dc:creator>Natalie Cohen</dc:creator>
				<category><![CDATA[Budget and Finance]]></category>
		<category><![CDATA[bankruptcy and default]]></category>
		<category><![CDATA[cities]]></category>
		<category><![CDATA[municipal bonds]]></category>
		<category><![CDATA[fiscal emergency]]></category>
		<category><![CDATA[fiscal stress]]></category>
		<category><![CDATA[municipal bankruptcy]]></category>
		<category><![CDATA[Ohio]]></category>
		<category><![CDATA[Toledo]]></category>

		<guid isPermaLink="false">http://www.thepublicpurse.com/?p=766</guid>
		<description><![CDATA[I am adding a link to this article that updates Toledo&#8217;s fiscal situation.  (See prior post.)  The city is wrestling with a budget gap and trying to negotiate with unions over compensation.  Ohio is a state that has a fiscal emergency program and municipalities may not file for bankruptcy without going through the state.  The state&#8217;s [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Flint, Michigan and the bankruptcy discussion</title>
		<link>http://www.thepublicpurse.com/2010/02/26/flint-michigan-and-the-bankruptcy-discussion/</link>
		<comments>http://www.thepublicpurse.com/2010/02/26/flint-michigan-and-the-bankruptcy-discussion/#comments</comments>
		<pubDate>Fri, 26 Feb 2010 14:34:15 +0000</pubDate>
		<dc:creator>Natalie Cohen</dc:creator>
				<category><![CDATA[bankruptcy and default]]></category>
		<category><![CDATA[cities]]></category>
		<category><![CDATA[municipal bonds]]></category>
		<category><![CDATA[Chapter 9]]></category>
		<category><![CDATA[fiscal stress]]></category>
		<category><![CDATA[municipal bankruptcy]]></category>

		<guid isPermaLink="false">http://www.thepublicpurse.com/?p=715</guid>
		<description><![CDATA[Here is an interesting clip from MLive about the debate over Flint&#8217;s dire finances.   Michigan has a receivership program that has been used a number of times so municipalities cannot just file bankruptcy in federal court without going through the state.  The article poses the sensible, if painful and difficult, questions of concessions on salaries and benefits [...]]]></description>
		<wfw:commentRss>http://www.thepublicpurse.com/2010/02/26/flint-michigan-and-the-bankruptcy-discussion/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>troubles in toledo</title>
		<link>http://www.thepublicpurse.com/2010/02/19/troubles-in-toledo/</link>
		<comments>http://www.thepublicpurse.com/2010/02/19/troubles-in-toledo/#comments</comments>
		<pubDate>Fri, 19 Feb 2010 04:27:55 +0000</pubDate>
		<dc:creator>Natalie Cohen</dc:creator>
				<category><![CDATA[bankruptcy and default]]></category>
		<category><![CDATA[cities]]></category>
		<category><![CDATA[municipal bonds]]></category>
		<category><![CDATA[Chapter 9]]></category>
		<category><![CDATA[fiscal stress]]></category>
		<category><![CDATA[municipal bankruptcy]]></category>
		<category><![CDATA[municipal bond default]]></category>

		<guid isPermaLink="false">http://www.thepublicpurse.com/?p=712</guid>
		<description><![CDATA[Looks like the city is making its best effort to try to resolve budget imbalance.  Ohio is one of the states that has a strong oversight/receivership program and municipalities may not file bankruptcy without approval of the state.  Local governments there do rely on income taxes, which is tough in the current economy, especially in [...]]]></description>
		<wfw:commentRss>http://www.thepublicpurse.com/2010/02/19/troubles-in-toledo/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Harrisburg</title>
		<link>http://www.thepublicpurse.com/2010/02/17/harrisburg/</link>
		<comments>http://www.thepublicpurse.com/2010/02/17/harrisburg/#comments</comments>
		<pubDate>Wed, 17 Feb 2010 12:27:34 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Budget and Finance]]></category>
		<category><![CDATA[cities]]></category>
		<category><![CDATA[municipal bonds]]></category>
		<category><![CDATA[fiscal emergency]]></category>

		<guid isPermaLink="false">http://www.thepublicpurse.com/?p=700</guid>
		<description><![CDATA[Here&#8217;s a good, local clip about the Harrisburg bond/incinerator problem: 
]]></description>
		<wfw:commentRss>http://www.thepublicpurse.com/2010/02/17/harrisburg/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Harrisburg PA budget does not include debt service</title>
		<link>http://www.thepublicpurse.com/2010/02/15/harrisburg-pa-budget-does-not-include-debt-service/</link>
		<comments>http://www.thepublicpurse.com/2010/02/15/harrisburg-pa-budget-does-not-include-debt-service/#comments</comments>
		<pubDate>Mon, 15 Feb 2010 18:06:24 +0000</pubDate>
		<dc:creator>Natalie Cohen</dc:creator>
				<category><![CDATA[Budget and Finance]]></category>
		<category><![CDATA[bankruptcy and default]]></category>
		<category><![CDATA[cities]]></category>
		<category><![CDATA[municipal bonds]]></category>
		<category><![CDATA[fiscal emergency]]></category>

		<guid isPermaLink="false">http://www.thepublicpurse.com/?p=685</guid>
		<description><![CDATA[See attached item from Reuters: http://www.reuters.com/article/idUSTRE61D27C20100214
Click on article title to get the link (sorry for the clunkiness)  Hat tip to Mayraj Fahim.
]]></description>
		<wfw:commentRss>http://www.thepublicpurse.com/2010/02/15/harrisburg-pa-budget-does-not-include-debt-service/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>State and Local Layoffs</title>
		<link>http://www.thepublicpurse.com/2010/02/01/state-and-local-layoffs/</link>
		<comments>http://www.thepublicpurse.com/2010/02/01/state-and-local-layoffs/#comments</comments>
		<pubDate>Mon, 01 Feb 2010 19:24:02 +0000</pubDate>
		<dc:creator>Natalie Cohen</dc:creator>
				<category><![CDATA[cities]]></category>
		<category><![CDATA[municipal bonds]]></category>
		<category><![CDATA[fiscal stress]]></category>
		<category><![CDATA[Nevada]]></category>
		<category><![CDATA[state and local politics]]></category>

		<guid isPermaLink="false">http://www.thepublicpurse.com/?p=627</guid>
		<description><![CDATA[A blogsite, &#8220;Mish&#8217;s Global Economic Trend Analysis&#8221; recently aggregated a selection of news stories covering state and local government budget deficits and proposed layoffs.  Click here  to link to the post.  There are a few differences between private sector layoff announcements and the public sector that are worth pointing out.   The private sector typically announces layoff actions that are already decided.  [...]]]></description>
		<wfw:commentRss>http://www.thepublicpurse.com/2010/02/01/state-and-local-layoffs/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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