City Of Angels Earning Its Wings

Miguel Santana, Chief Administrative Officer for the city of Los Angeles, talks with The Bond Buyer's Chip Barnett about the June 24 sale of $1.39 billion of tax and revenue anticipation notes. He explains why the city earned top marks from the credit rating agencies, detail’s the city’s improved economic and financial situation, and explains how the way the city pre-funds it pension systems saves taxpayers money.