A private-sector financial consultant wants Scranton, Pa., officials to clarify a bond-document statement that he said contradicts property tax increase plans.
Scranton Officials Asked to Clarify Borrowing
JAN 14, 2013 3:09pm ET
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.
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