| Articles for April 2, 2008: |
| Update: Municipal Insurers' Rating Downgrades |
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In previous issues of Footnotes, we described the potential downgrade in credit ratings of certain municipal bond insurers and the implications. As of March 12, 2008, four bond insurers had been downgraded by one or more rating agencies.
To read the full article, please click on Full Article below.
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| Electronic Filing of Annual Reports to be Strongly Encouraged |
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With year-end 2007 reporting activities still fresh in our minds, let's look ahead to year-end 2008 and a change desired by the State Board of Accounts. In 2007, the State Board of Accounts released a new and improved software program that allows users to prepare and file year-end Annual Reports for counties, libraries, townships, solid waste districts, cities and towns, and special districts electronically. While optional for calendar year 2007 reporting, electronic filing using the 2008 edition of this program will be strongly encouraged for calendar year 2008 reporting, and could likely become required in the future.
To read the full article, please click on Full Article below.
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CIRCULAR 230 DISCLOSURE:
To ensure compliance with U.S. Treasury Department Regulations, we are required to advise you that, unless otherwise expressly indicated, any federal tax advice contained in this communication, including any attachments, is not intended or written by us to be used, and cannot be used, by anyone for the purpose of avoiding federal tax penalties. |
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