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California's LAO Watchdog Likes Brown Budget
by: Randall Jensen
Tuesday, January 15, 2013
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California's legislative watchdog has commended Gov. Jerry Brown for his balanced budget proposal that also attempts to rein in general obligation bond borrowing.

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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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