从公共预算的视角解读美国杰斐逊县政府破产?/p>
1996: A federal judge orders Jefferson County to repair and rebuild its sewer system, after finding
that county sewage has polluted rivers and streams.
1997: The county begins six years of massive borrowing for sewer repairs. It also uses some of
that money for new sewers not required under the consent decree.
打算用新的系统产生的收入
来偿还债务?/p>
2008.
杰斐逊县的债务不断累积,到
2008
?/p>
,
政府债券的受托人宣布县政府可能无力偿还,
债券面临违约风险,杰斐逊县债务危机开始浮现。从
2008
年,一直在考虑地方政府的破?/p>
问题?/p>
2011.9
杰斐逊县县政务委员会在债务问题的谈判上陷入僵局。来自杰斐逊县代表团的
25
?/p>
民主党议员拒绝与持有
31.4
亿美元地方债券的债权人达成协议?/p>
2011.11
2011
?/p>
11
?/p>
9
?/p>
,
美国阿拉巴马州杰斐逊县县政府向当地法院申请破产。据报道
,
该县背负的债务?/p>
41
亿美元?/p>
腐败的梨?/p>
According
to
the
SEC,
in
March
2002,
Charles
LeCroy,
then
managing
director
for
JP
Morgan
Securities?nbsp;southea
st regional office in Orlando, Florida, sent a series of emails to his superiors
discussing how one of the firm’s competitors (three guesses who) had successfully scored new
municipal underwriting and swap business by enlisting
赞助
the paid support of the politically
connected
principals
and
employees
of
local
broker-dealers.
经纪自营?/p>
LeCroy’s
superiors
endorsed
this
strategy,
and
he
provided
them
with
estimates
(in
emails,
no
less)
of
what
the
going rate for paying these folks off would be.
对交易进行了精心设计,使他们的行贿成本转?/p>
到该县的纳税人身上?/p>
since the JP Morgan bankers were confident no one would check their
swap math, there really was not much of a ceiling on the cost they would pass on to taxpayers.
收税的梨?/p>
1999
年,
杰斐逊政府通过了新的开业许可税法案?/p>
而之前的老的开业许可税仍在征收?/p>
1999
?/p>
11
月立法者取消了老的开业许可税,但之后杰斐逊政府又成功驳斥了上述决议并继续?/p>
收开业许可税?/p>
2010
年蒙哥马利巡回法官认定新的开业许可税在立法征收的过程中存在问
题,认为该税的征收是无效的。新税种的征收提议也没有通过?/p>