Regional News
Allentown City Council Rejects May Referendum on Water Lease
Wednesday, January 9, 2013
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Allentown, Pa.'s City Council nixed a May referendum that could have complicated plans to lease out the city water and sewer systems, which Mayor Ed Pawlowski says would defray pension costs.

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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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