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State of Bankruptcy

We now know, after the re-election of Governor Perry, that Texas has a budget deficit of an estimated 27 billion dollars and we are now in the same boat as is New York, California and New Jersey. Because of this state level economic disaster, as opposed to the national level economic disaster, some...

Five Things to Know when Contemplating the Issuance of Municipal Debt

Municipal financings are often perceived as a very complex, and even overwhelming, undertaking. The various rules and regulations which govern the process oftentimes seem complicated and difficult to understand. Keep in mind that no matter how difficult or cumbersome the process may seem, the issuance...