Regional News
Judges Reject Scranton, Pa., Commuter Tax
Thursday, December 20, 2012
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A three-judge panel in Lackawanna County rejected Scranton, Pa.'s request to impose a 1% commuter tax, saying the distressed city wasn't persuasive enough.

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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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