Impact of Global Economy on State GDP; Pension Metrics to Watch

February 23, 2015

This week, we recap discussion from a recent industry panel addressing possible impacts of the global economy on U.S. States and describe additional metrics to watch to monitor health of municipal pensions.

Please click here to read the rest of this week’s commentary: http://www.lumesis.com/pdf/ImpactofGlobalEconomyonStateGDP.pdf

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Texas Pension Situation Generally Good; ARC Underfunding and Oil are Concerns

February 17, 2015

This week we recap a Lumesis presentation from the Bond Buyer’s Texas Public Finance Conference regarding the condition of public pensions in Texas.

Please click here to read the rest of this week’s commentary: http://www.lumesis.com/pdf/TexasPensionSituationGenerallyGood.pdf

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Will Illinois Pass the Pain to Locals? Food Stamp Participation Up in Some States; Update on State Pension Funding Levels

February 9, 2015

This week we consider the possibility that Illinois may attempt to solve the State’s problems by inflicting pain on local governments, take a quick look at the latest food stamp participation statistics, and review pension funding levels for States that have filed ’14 CAFR’s.

Please click here to read the rest of this week’s commentary: http://www.lumesis.com/pdf/WillIllinoisPassthePaintoLocals.pdf

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January DIVER Geo Scores Show FL, MI, OH, AZ, IL; Continued Weakness in NJ

February 3, 2015

This week we review of our proprietary Geo Score and highlight which states are improving and which are not.

Please click here to read the rest of this week’s commentary: http://www.lumesis.com/pdf/JanuaryDIVERGeoScoresShowFL.pdf

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Municipal Finance Implications of Strong Dollar; 2015 Year of Muni Pensions?

January 28, 2015

This week we highlight the potential implications of a strong dollar for municipal budgets and revenues, and ponder whether 2015 will be an even bigger year for municipal pension issues.

Please click here to read the rest of this week’s commentary: http://www.lumesis.com/pdf/MuniFinanceCommentary.pdf

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Are Munis Really Cheap? ; The Risks of “Free” Community College; Hospital Market Concentration

January 20, 2015

This week we examine the thesis that the high level of ratios of municipal bond yields to Treasury yields means that munis are “cheap” and discuss some of the devil in the details of the President’s community college proposal.  We also reprint a chart from Forbes highlighting increasing concentration in the U.S. hospital market.

Please click here to read the rest of the week’s commentary: http://www.lumesis.com/pdf/AreMunisReallyCheap1.pdf

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Should Lower Gas Prices Lead to Higher Gas Taxes? States with Large Export Exposures

January 12, 2015

Firstly, this week we give our view on the increasing efforts to use lower gas prices as a rationale for higher gas taxes, and, secondly, highlight the States that are most exposed to the weakness in international economies.

Please click here to read the rest of this week’s commentary:

http://www.lumesis.com/pdf/ShouldLowerGasPrices.pdf

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