Editor's Note
W. Bartley Hildreth

The Financial Data Transparency Act:
Transitioning to Structured Data in the Municipal Securities Market
Ernesto A. Lanza, Kimberly D. Magrini, and Teri M. Guarnaccia

Bond Insurance Premiums After the Last Active Municipal Bond Insurer Lost Its AAA Credit Rating in 2010
Earl D. Benson and Barry R. Marks

Measuring Fiscal Condition as Need-Capacity Gap:
An Illustration of State Aid to Counties in Michigan
Shu Wang