- GASB Issues Guidance on Fiduciary Activities.
- Fitch Disagrees with Moody’s Legal Analysis on Chicago Public Schools.
- Fitch Calls Out Moody’s on Chicago Schools Analysis.
- MSRB Plans to Codify CUSIP Requirements for Private Placements.
- Making Sound Cost Decisions in Pay for Success Projects.
- GASB Webinar: Financial Reporting Model Improvements – Governmental Funds.
- Exploring the Impact of GASB 77: CDFA // BNY Mellon Development Finance Webcast
- U.S. Bank National Association v. Podes – In action to recover damages in connection with defaulted bonds, appeals court holds that expert’s damage report – which calculated the value of the bonds as simply the interest rate on the face value of the bonds held to maturity – did not constitute an impermissible net opinion.
- And finally, a devastating blow was dealt this week to trolls residing under bridges everywhere via Doug Garber Construction, Inc. v. King, in which Bernice Garber appealed the award of $112k for property taken by the state for a new freeway interchange, opining that the property was in fact worth $347 million in lost profits as the new location of the freeway would have allowed her to asses a $2 toll on each vehicle entering the city. The Supreme Court of Kansas responded with this exceedingly polite, deadpan gem: “Even if we ignored the speculative character of Ms. Garber’s envisioned “Golden Gateway” to Lawrence, and even if a private citizen could lawfully collect tolls from drivers on a public roadway, such testimony is inadmissible to establish property valuation.”