Regional News
Iowa Gov. Wants to Use Surplus for Property Tax Reforms
Tuesday, January 15, 2013
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Iowa Gov. Terry Branstad unveiled a proposed $6.5 billion fiscal 2014 budget that offers property tax relief he said the state can afford with an $800 million surplus after several years of belt-tightening.

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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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