The Public Purse offers you serious thinking about economic, financial and political trends at the U.S. state and local level with a focus on municipal credit risk
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TAG | General Growth Properties
Oct/09
21
Sales taxes, shopping malls and municipal bonds
2 Comments | Posted by Natalie Cohen in municipal bonds
It’s not news that consumer spending is off, but in municipal bond country this also means sales taxes are coming in lower. Some communities, such as those that depend on major shopping malls may see a double whammy from their major taxpayer, who will be looking to lower their assessed valuation (or worst case, miss [...]