Facts You Should Know: State and Municipal Bankruptcy, Municipal Bonds, State and Local Pensions

Tuesday, March 18, 2014

The spotlight on notable cases of municipal fiscal stress hasled to many misperceptions about the overall financial condition of state and local governments, particularly in regard to bankruptcy, bonds, and pensions. To address this concern, the national organizations representing the nation’s governors, state legislatures, and state and local officials jointly released the 2014 edition of Facts You Should Know: State and Municipal Bankruptcy, Municipal Bonds, State and Local Pensions.The report details facts about these issues and the degree to which they are having a financial impact on state and local governments. It also provides helpful links to reports documenting the fiscal health of states and localities, as well as the primary drivers of financial distress, where it exists.