Voters in property-rich school districts are extremely reluctant to approve tax increases when half of the additional revenue will flow to poorer-districts, a pollster testified last week in a suit challenging the constitutionality of the current state funding system.
Richer Districts Not Keen on Robin Hood
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