Days after the close of a controversial liquor-backed bond deal that generated a $500 million cash payment to the state's coffers, Gov. John Kasich said the money would go into the state's rainy-day fund and trigger an automatic taxpayer refund.
Ohio Gov. Kasich Says $500M from Liquor Lease Will Boost Rainy-Day Fund
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