Cezary Podkul: Another Big Tobacco Bond Deal, Cajun StyleMay 2015
Facing a giant budget deficit, Louisiana Governor Bobby Jindal plans to borrow $750 million against future income from a landmark legal settlement with cigarette makers.
Cezary Podkul: Tobacco Settlement Funds Sprinklers, Golf Carts and a Grease TrapOctober 2014
Leaders took on forty-year debt to pay for short-term stuff, a case study in the perverse incentives tobacco bonds create.
Cezary Podkul: How One New York County Fell Into the Tobacco Debt TrapOctober 2014
A refinance of Niagara County’s tobacco bonds was good news—but for investors, not taxpayers.