Milken Institute-National Press Foundation Mechanics of Finance Breakfast Briefing Series
How do the nation's towns and cities pay to build parks, revamp blighted neighborhoods and keep retirement promises to employees? Five U.S. cities have gone bankrupt since 2010, including the once-mighty industrial engine of Detroit. Do other cities face a similarly grim future? What are their options? How can a journalist investigate the fiscal solvency of cities on the beat?
ABOUT THE SPEAKERS
Mike DeBonis covers local politics and government for The Washington Post. He also writes a blog and a political analysis column that runs on Fridays. DeBonis joined in Post in 2010 after spending six years at Washington City Paper as a reporter and editor, including three years writing a column on District politics. He is a graduate of Georgetown University.
George Friedlander is a managing director and chief municipal strategist with Citigroup Investment Research and Analysis. A recognized leader in the municipal bond marketplace, he is widely quoted in the financial press on related trends and investment patterns. Among his many honors, Friedlander has been ranked repeatedly as one of Institutional Investor's top three municipal strategists, and he and his team were declared No. 1 in municipal market strategy in 2011 and No. 2 in 2012, also by Institutional Investor. A member of Securities Industry and Financial Markets Association's Municipal Executive Committee for roughly 25 years through 2009, he remains an associate member. He currently works with state and local public interest groups on ways to respond to potential threats to the tax-exempt status of municipal bonds. He has a B.S. from the State University at Stony Brook and an M.B.A. from Pace University.
Manju Ganeriwala is the state treasurer of the Commonwealth of Virginia, managing a more than $9 billion investment portfolio. She oversees the issuance of bonds and management of debt in excess of $15 billion and provides the Commonwealth and its agencies with routine and specialized banking services. Ganeriwala also serves as chairwoman of the Treasury Board and a member of 10 others, including the Virginia Housing Development Authority, Virginia Port Authority and Virginia Resources Authority. Prior to becoming state treasurer, Ganeriwala was the commonwealth's deputy secretary of finance. In that role, she was a key advisor to the governor on all financial matters, including retaining Virginia's "AAA" bond rating. Previously Ganeriwala was chief financial officer for the Virginia Department of Medical Assistance Services. She holds a bachelor of commerce from the University of Bombay and an M.B.A. from the University of Texas at Austin.