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.
Allentown City Council Rejects May Referendum on Water Lease
JAN 9, 2013 4:58pm ET
You must be registered to post a comment. Click here to register.
Already registered? Log in here
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.
the bond buyer conferences
May 1- 2, 2014Hyatt Regency, Baltimore, MD
The Roosevelt Hotel, New York, NY