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
TAG | Ohio
Mar/10
7
Ohio Fiscal Emergencies
0 Comments | Posted by Natalie Cohen in Budget and Finance, bankruptcy and default, cities, municipal bonds
I am adding a link to this article that updates Toledo’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’s [...]