TITLE

Local California Governments Get Cash Infusion From $455M VLF Deal

AUTHOR(S)
Saskal, Rich
PUB. DATE
March 2005
SOURCE
Bond Buyer;3/2/2005, Vol. 351 Issue 32081, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that many local governments in California will get a cash infusion with an unusual deal slated to price today. In 2003, the state government held back $1.3 billion in vehicle license fee payments that were to have been distributed to cities and counties, promising to repay them in 2006. Today's transaction, by the California Statewide Communities Development Authority, allows those local governments to assign their right to that future repayment to investors in return for immediate cash.
ACCESSION #
16283985

 

Related Articles

  • CENTRAL -- LOCAL ADMINISTRATIVE AND GOVERNANCE RELATIONSHIPS IN TWO UKRAINIAN CITIES: KYIV AND ODESSA. Kolisnichenko, Natalya; Rosenbaum, Allan // Transylvanian Review of Administrative Sciences;2006, Issue 16, p71 

    The institution of local self-government occupies an increasingly important position in Ukrainian society. However, the contemporary system of local self-government in Ukraine is still not consistent with the principles of the European Charter of Local Self-government. In areas such as access to...

  • Dividing the pie evenly. Brock, Ed // American City & County;Jul2010, Vol. 125 Issue 7, p28 

    The article discusses the benefits of tax-sharing arrangements among neighboring cities and counties in the U.S.

  • NETWORKED CITIES' RESPONSES TO GLOBAL PROBLEMS: A TYPOLOGY. Chiu, Nikita // Journal of Comparative Politics;Jul2011, Vol. 4 Issue 2, p111 

    Today's global challenges like poverty reduction, climate change and disarmament transcend national borders. The scale and impact of these problems not only trouble national governments, but also directly affect populations at the local level, especially those in urban settings. Seeing that over...

  • OBSERVABLE HETEROGENEITY AND THE DEMAND FOR LOCAL PUBLIC SPENDING. Bogart, William T. // National Tax Journal;Jun91, Vol. 44 Issue 2, preceding p123 

    This paper demonstrates the effect of omitting quasi-governmental expenditures when estimating the demand for local public services. The data used are public works expenditures and fire protection expenditures from 179 New Jersey municipalities in 1980. I conclude that the common practice in the...

  • Bloomfield Twp-gets high ratings. Dietderich, Andrew // Crain's Detroit Business;11/8/2004, Vol. 20 Issue 45, p34 

    This article reports that Bloomfield Township has earned the highest possible rating from Moody's Investors Service Inc., and Standard & Poor's Ratings Services. Moody's rated the township Aal and Standard& Poor's rated it AA+. Both are the highest possible ratings for municipal bonds for each...

  • Consolidation, Fragmentation, and Special Statuses of Local Authorities in Europe. Koprić, Ivan // Croatian & Comparative Public Administration;2012, Vol. 12 Issue 4, p1175 

    Many countries in Western Europe consolidated their territorial organization in the last few decades, searching for increased capacities. Great Britain, Germany and Denmark are the examples of such reforms. Certain transitional countries (Czech Republic, Slovakia, Hungary, Slovenia, Croatia,...

  • Sendai, Finland Pushing Well-being Project. Endo, Kazuo // Economy, Culture & History Japan Spotlight Bimonthly;Jul/Aug2008, Vol. 27 Issue 4, p48 

    The article presents the "Sendei-Finland Well-being Centerm," a project of the City of Sendai, Japan with the North European republic of Finland. An overview of the project is presented which objective is to fuse the Finnish type of welfare with that of Japan. Three distinctive features are...

  • Inflows Ease a Bit to $1.41 Billion, Lightest in Three Weeks.  // Bond Buyer;10/5/2009, Vol. 370 Issue 33194, p7 

    The article offers information on the economic performance of municipal (muni) mutual funds in the U.S. in October 2009. It states that muni funds have gained 58.57 billion U.S. dollars in new money from investors, compared to 68.81 billion U.S. dollars from tax-free money funds. Matt Fabian,...

  • Inside this month's Accountancy.  // Accountancy;Jul1976, Vol. 87 Issue 995, p2 

    Reports development related to accountancy in Europe as of July 1976. Announcement of the first prize-winning essay in accountancy; Conduction of research related to accountancy education; Evaluation of local government finance.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics