Editor’s Note
W. Bartley Hildreth

Distribution of the Effects of Savings Across Expenditure Types Over the Business Cycle:
Evidence from the States
Yilin Hou

Let’s Root for the Home Team:
Finding the Right Mix of Public and Private Sports Financing
Mary Francoeur, Mitchell Zeits, Oliver Luck, and Frank Hawkins

Tax and Disclosure Issues Affecting the Municipal Market
Mark Scott, Foster Clark, Martha Haines, Gerry Lian, and Laura Slaughter

The Changing Competitive Landscape for Bond Insurance
Richard Smith, Frank Bivona, Michael Schozer, and Terry Trim

Tax Law Developments:
Washington Tax Update
Linda B. Shakel