Distressed Scranton, Pa.'s proposed $110 million budget represents a 29% increase, and comes as a county court is set to rule on whether it can impose a commuter tax.
Distressed Scranton Proposes 29% Budget Hike
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