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Facebook Blamed as California Revenues Miss Target
by: Randall Jensen
Monday, December 10, 2012
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California November tax revenues in November were more than 10% below budget estimates partly due to lower than expected collections from Facebook share sales, according to Controller John Chiang.

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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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