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| Scorsone, Eric; Plerhoples, Christina. |
| Municipal bonds have recently been of national interest and Michigan’s strained economy over the past decade has made bond issuance in the state of particular interest to a variety of stakeholders. Given the close connection between municipal bonds and property taxes, the fall-off in the housing market has placed significant strain on bonds within the state. This paper reviews the Michigan municipal bond condition and develops a new debt assessment indicator system. This system was tested using over 700 Michigan local governments. Based on this indicator system, a number of communities are experiencing significant fiscal stress. However, further examination reveals that at least some of these communities have in place short term plans to address such... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Municipal bonds; Public finance; Regional economics; Community/Rural/Urban Development; Public Economics; R5; R51. |
| Ano: 2011 |
URL: http://purl.umn.edu/103093 |
