Public Finance


Contributing Authors

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Penelope Lemov
E-mail: plemov@governing.com
  • Hedging Bets
  • With slow growth from traditional investments, pension fund managers are tempted by the snappy returns of alternatives.


  • Bubble Trouble
  • A puncturing of today's inflated real estate values would have negative and broadscale effects on local governments.

  • The Oldest State
  • Gone are the comforts of an era when an ever-expanding economy coupled with growing populations could pay the future freight.

  • Breaking a Bond
  • Advanced refundings are on the line as the federal government sees revenue in cutting off some muni bond tax breaks.


  • Borrowers Beware
  • The SEC is going after muni bond issuers who fail to supply adequate information when their debt goes on sale.

  • Buy Now, Pay Later
  • The problem in putting a price tag on government is that costs are deferred--buried in borrowed money and out of voters' sight.

  • Retirement Rage
  • The high costs and rising profiles of public employee pension benefits are raising the public's hackles.

  • Debtor's Dilemma
  • The core problem for states is not structural deficits. It's the polarizing disagreement over what to do about them.


  • A Leaky Roof
  • There's an $80 billion gap in what we spend and what we need to spend to maintain our infrastructure as is.

  • Going For Broke
  • Using the initiative process, Californians have fiscally handcuffed their governor, legislature and local governments.

  • Productivity Pinch
  • Because of the nature of the services they provide, states and localities find it difficult to increase productivity.



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