1

Jefferson County, Alabama undertook a series of risky financial maneuvers in 2003 that included issuing large amounts of variable rate and auction rate securities as well as engaging in numerous interest rate swaps in order to lower the burgeoning costs of repairing its sewer system to comply with federal regulations. These complex financial instruments, intended to lower debt service costs on the countyʼs $3 billion in outstanding sewer warrants, led the county to financial bankruptcy in the wake of the financial markets collapse. This paper explores the choice of securities by analyzing the risk of adjustable rate securities and interest rate swaps, examining the Jefferson County case in detail, and providing some lessons for future finan

V. Denison, Dwight, Bryan Gibson, J.
Journal:
Journal of Public Budgeting, Accounting & Financial Management
Year:
2013
Language:
english
File:
PDF, 247 KB
english, 2013
4

Electronic Payments for State Taxes and Fees

Denison, Dwight V., Hackbart, Merl, Yusuf, Juita-Elena
Journal:
Public Performance & Management Review
Year:
2013
Language:
english
File:
PDF, 305 KB
english, 2013
7

State Debt Limits: How Many Are Enough?

DWIGHT V. DENISON, MERL HACKBART, MICHAEL MOODY
Journal:
Public Budgeting & Finance
Year:
2006
Language:
english
File:
PDF, 140 KB
english, 2006
8

Determinants of Debt Concentration at the State Level

Greer, Robert A., Denison, Dwight V.
Journal:
Public Budgeting & Finance
Year:
2016
Language:
english
File:
PDF, 419 KB
english, 2016
12

Which Nonprofit Organizations Borrow?

DWIGHT V. DENISON
Journal:
Public Budgeting & Finance
Year:
2009
Language:
english
File:
PDF, 136 KB
english, 2009
14

An Empirical Examination of the Determinants of Insured Municipal Bond Issues

Dwight V. Denison
Journal:
Public Budgeting & Finance
Year:
2003
Language:
english
File:
PDF, 143 KB
english, 2003
19

Main Street or Wall Street: Perspectives on Public Investment and Property Management

Dwight V. Denison
Journal:
Public Administration Review
Year:
2008
Language:
english
File:
PDF, 59 KB
english, 2008
23

Tax Evasion from a Policy Perspective: The Case of the Motor Fuels Tax

Dwight V. Denison, Robert J. Eger III
Journal:
Public Administration Review
Year:
2000
Language:
english
File:
PDF, 132 KB
english, 2000