District of Columbia Chief Financial Officer Natwar Gandhi and Mayor Vincent Gray announced a $417 million 2012 surplus this week, bringing the city's fund balance to its highest in five years.
D.C. Announces $417 Million Surplus Just Before Rating Trip
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.
the bond buyer conferences
September 25-27, 2013JW Marriott LA Live, Los Angeles, CA
October 27-29, 2013Crowne Plaza Times Square Manhattan, New York, NY