Now that state governments issue comprehensive annual financial reports in accordance
with Statement No. 34 of the Governmental Accounting Standards Board, it is possible to …

The research focuses on the impact of the restrictiveness of tax and expenditure limitations
(TELs) on the credit ratings of 566 US municipalities over the 2007-2010 time period. The …

In this paper, we survey the cost differentials by debt issue purpose and the method of
underwriting. We find that cost differentials are a function of the purpose for which the debt …

While bankruptcy protection remains an instrument of last resort, a recent wave of petitions
has aroused the interest of key participants in the municipal bond market. To date, 12 states …

This study examines the impact of budget stabilization funds (BSFs) on state general
obligation (GO) bond credit ratings. While a number of past empirical papers have examined …

The plaintiffs' daughter was four years old when they brought her in to the local medical
clinic. Clinic staff gave the girl a sedative to keep her calm while they examined her, but they …

Objectives There is abundant research on crime contributors but not the cost of crime to
society. In this article, we fill the gap in the literature by studying how crime affects …

It is di□ fficult to find someone who has not heard about the Puerto Rico, Detroit, Michigan,
or Orange County, California, bankruptcies. While guides for responsibly managing …

Despite the end of the Great Recession more than two years ago, many state governments
continue to face significant funding gaps.'Legislatures across the country have cut programs …

The study examines “through‐the‐cycle” stability of S&P and Moody's state credit ratings to
national and state level business cycles during 1977–2010. Additionally, the study evaluates …