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Regional News
Daley Names New Chicago Budget Director
by: Yvette Shields
Friday, August 14, 2009
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CHICAGO – Chicago Mayor Richard Daley yesterday named Chicago Transit Authority general counsel Eugene Munin as the city’s new budget director. He takes over the position as the city faces a $520 million deficit in the 2010 budget.

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Commentary - When It May Be Virtually Free to Be Tax Free
Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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