Municipal Finance

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Policy Innovation
fiscally distressed local government
fiscally distressed mun

Tim Maniccia, Founder, Policy Innovation, Inc.

The Fork in the Road: How a Local Government’s Approach to Fiscal Distress Can Determine Its Financial Future

Stockton, California may be the fiscally distressed municipality du jour, but it is certainly not alone in its financial struggles. What steps can a fiscally distressed local governme… Continue

Municipal Finance - General

Government Finance Officers Association – GFOA - Government Finance Officers Association—professional organization for municipal finance managers. (GFOA)
Governmental Accounting Standards Board – GASB - GASB is the independent organization that establishes and improves standards of accounting and financial reporting for U.S. state and local governments. GASB is recognized as the official source of generally acceptable accounting standards (GAAP) for state and local governments. It is a part of the Financial Accounting Foundation (FAF).
Handbook of Municipal Bonds - Amazon link to Handbook of Municipal Bonds (edited by Sylvan Feldstein)
The Bond Buyer - Financial newspaper focused primarily on the municipal bond market and municipal finance.
The Bond Buyer - Trade newspaper for the municipal bond market
Council of State Governments - Council of State Governments. Provides timely news on wide variety of state issues in the States News section.

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Fiscal Survey of States - National Governors Association and National Association of State Budget Officers publishes its annual Fiscal Survey of the States analysis of state financial condition. Publications listing recent annual reports.
Government Finance Statistics (Census) - U.S. Census site on Government Finances
Municipal Bankruptcy — Chapter 9 - From U.S. Courts — Bankruptcy Basics. The chapter of the Bankruptcy Code providing for reorganization of municipalities (which includes cities and towns, as well as villages, counties, taxing districts, municipal utilities, and school districts).
National Conference of State Legislatures - National Conference of State Legislatures (NCSL) provides comprehensive content on wide variety of public policy and fiscal issues affecting state governments, including ballot initiatives.
National Public Finance Guarantee Credit Sector Reports - Useful municipal finance credit sector studies published by municipal bond insurer, National Public Finance Guarantee. Visitors must register to see reports but access is free.
Rockefeller Institute of Government - The public policy arm of the State University of New York at Albany. Special focus on state government finance.
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Municipal Finance - Public Pension Funds

Public Fund Survey - Public Fund Survey - an online compendium of key characteristics of over 100 public retirement systems
National Council on Teacher Retirement - National Council on Teacher Retirement - an independent association dedicated to safeguarding the integrity of public retirement systems for teachers
State & Local Government Pension Forum - Forum, co-sponsored by the Civic Federation of Chicago, the Federal Reserve Bank of Chicago and the National Tax Association, addressed major issues in public pension funding, including a comparison to the rising crisis in private pension plans, evaluation of the long term costs of pension underfunding and their impact on municipal government credit ratings, as well as calls for pension reform. A number of the presentations are featured on the website.
State & Local Government Retirement Systems - The State and Local Government Employee-Retirement System survey provides revenues, expenditures, financial assets, and membership information for public employee retirement systems.
State & Local Government Retirement Systems - The State and Local Government Employee-Retirement System Census survey provides revenues, expenditures, financial assets, and membership information for public employee retirement systems.
Wilshire Report on State Pensions - Comparative report on funding issues for state pension plans (PDF report).

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Arizona State Retirement System - Impressive state pension fund web site
Austin (TX) Employees’ Retirement System - City of Austin, Texas Employees’ Retirement System
Employee Benefit Research Institute - Organization that conducts research pertaining to Employee Benefits
Florida Public Pension Trustees Association - FPPTA website provides information about upcoming events, news and information regarding to Florida Pensions plans.
Florida Public Pension Trustees Association - Florida Public Pension Trustees Association - provides education and information for the public pension system and protecting Defined Benefit Pension Plans
Florida Retirement System
GASB Statement on Other Post Employment Benefits - Governmental Accounting Standards Board Summary and Status Report on Statement 45 concerning Other Post-Employment Benefits Accounting (e.g. health care).
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