Faced with a sewer system that San Antonio Mayor Julian Castro says is "falling apart," the San Antonio Water System is proposing a rate increase of nearly 10% to help finance maintenance.
San Antonio Seeks Rate Hike to Keep Sewers from 'Falling Apart'
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.
the bond buyer conferences
September 25-27, 2013JW Marriott LA Live, Los Angeles, CA
October 27-29, 2013Crowne Plaza Times Square Manhattan, New York, NY