Chester's state-appointed receiver is proposing to monetize the city's water assets as a strategy to address its bankruptcy-related fiscal shortfalls. The receiver's chief of staff emphasized that any transactions involving the water entities must ensure they remain publicly owned. This initiative is part of broader efforts by local governments to manage financial crises, which may include selling state-owned assets. In related news, Erie County is offering 'Bills Bonds' to finance a new stadium, while American Dream bondholders are set to receive payments on grant-backed debt.
American Dream bondholders to get paid on grant-backed debt https://t.co/E265fj69dr
Local governments in China establishes Special Taskforces to "Break the pot and Sell the iron". https://t.co/KVKJwFaHz6
Local govt still in austerity mode, trying to sell some state owned assets to fill the coffer. “Recycle the pot to sell for iron” not sure whether English speakers got the vernacular term which is a bit out of ordinary. https://t.co/VMVdhUX5aS