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Indy Mayor, Council Leaders Agree on Tax Hikes

JAN 22, 2013 2:10pm ET

After months of debate, Indianapolis Mayor Greg Ballard and leaders of the City-County Council have tentatively agreed to several proposals, including a pair of tax increases, to the city’s $1.1 billion budget.

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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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