Standard & Poor's shifted its outlook to stable from negative as the Arizona Transportation Board plans to issue $712 million of revenue bonds after the first of the year.
S&P Improves Outlook for $712M Arizona Transportation Bonds
DEC 18, 2012 3:07pm ET
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"One of these things does not belong" is a catchy slogan and it comes to mind when looking at the latest tax policy ideas coming from Washington when looking at the municipal bond tax exemption. The exemption is not a result of the growth of a tax code designed to induce or reduce certain behaviors. Rather, it is the foundation for the flow of capital in a $3.7 trillion dollar market required to efficiently finance the nation's infrastructure.
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