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Texas Lawmakers Set 11% Limit On Spending Increase In Next Budget
Friday, November 16, 2012
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A Texas legislative board adopted a growth plan to limit increases in state spending from non-dedicated revenue.

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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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