Regional News
Mayor Landrieu Calls for Reform of New Orleans Sewer and Water Board
Wednesday, November 14, 2012
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The New Orleans Sewerage & Water Board must be reformed before rates are raised to support $1 billion of revenue debt needed for system renewal, Mayor Mitch Landrieu said Monday.

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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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