State’s ongoing fight over pension obligation bonds

Earlier this year, this column raised the alarm over the resurgence in the use of “pension obligation bonds,” a risky financing method that fell out of favor during the 2008 recession but is now making a comeback.
Fortunately, there is more scrutiny on this form of debt financing than in years past, and taxpayers are starting to take a keen interest in whether POBs are in the best interests of their local governments.
Citizen awareness and improved oversight will be crucial.
To refre