#municipal-debt
#municipal-debt

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Mayor Mamdani's budget mess is creating chaos in the NYC bond market

New York City's bond sales have weakened due to investor distrust in Mayor Zohran Mamdani's policies.

Mamdani might raid a severely underfunded retiree fund to balance New York City's bursting budget

New York City faces a severe fiscal crisis driven by $260 billion in long-term liabilities, primarily from public pensions and retiree health care costs that threaten funding for essential services.

New York City

fromNew York Amsterdam News

3 months ago

Land bank legislation aims to reshape NYC's contentious tax lien sale

New York City will create a city-run land bank to buy tax liens, preserve homeownership, and collect municipal debts to generate revenue.

New York Islanders

fromThe Atlantic

4 months ago

American Suburbs Have a Financial Secret

Unequal municipal-bond markets and credit ratings deepened suburban inequality by giving wealthier towns cheaper financing while poorer communities were shortchanged.

fromSempreMilan

5 months ago

CF: Milan and Inter to settle over 20m in debts to council as part of San Siro purchase

The agreement provides, in particular, that the Companies owe the Municipality (Article 4) for each contractual year (running from 1 July to 30 June of the following year) a fee which, for the 2024/25 season, is equal to €11,116,487.73 (plus VAT) divided into two portions: (i) a portion equal to 53.30% to be paid in cash through advance quarterly instalments; (ii) a portion equal to 46.70% to be collected in the form of Extraordinary Maintenance or Innovation interventions.

AC Milan