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Securities Law

Panelists: Municipal Bankruptcies Will Be Uncommon This Year

JAN 29, 2013 5:34pm ET

Revenues at municipalities may increase slightly in 2013 and additional municipal bankruptcies will be uncommon as state and local governments continue a slow economic recovery, speakers at the Governing Outlook conference said here Tuesday.

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New York's budget leaves it at risk of becoming one of only five states that do not allow the use of design-build procurement to deliver public infrastructure projects.

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