The Louisiana State Bond Commission authorized New Orleans to go ahead Thursday with a taxable refunding of up to $200 million of pension debt and other outstanding liabilities.

New Orleans will use the proceeds to refund taxable pension bonds issued in 2000 to shore up the city’s under-financed firefighters pension fund, public improvement bonds from 2001 through 2004 and $16 million of certificates of obligation issued in late 2011 to refinance certificates in obligation issued in 1998.

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