Pension obligations to electrical system retirees are another urgent operating expense left unresolved by the FOMB’s plan. #NewsismyBusiness
The Oversight Board intends to file an amended plan in July to reflect the new projections. #NewsismyBusiness
The bankruptcy of Prepa, with more than $9 billion in unpaid bond debt and other obligations, represents one of the largest municipal debt restructurings in the United States. #NewsismyBusiness