#municipal-debt

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#public-pensions #retiree-benefits #fiscal-crisis #government-reform #tax-liens #land-bank
NYC politics
fromReason.com
2 days ago

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 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
4 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
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