Municipal Bonds News
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California, facing mandatory spending cuts with revenue below forecast, may have to pay almost 15 percent more to borrow $2 billion this month than it did in September as municipal yields climb to a 10-week high.
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The Harrisburg city officials who pushed Pennsylvania’s capital city into bankruptcy this week will have to defeat claims they broke local, state and federal laws to keep the case from being dismissed, lawyers said.
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New York, California and Florida are among states reporting revenue collections trailing forecasts in the fiscal first quarter, prompting preparations for a fresh round of budget reductions.
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Allan Ritter pushed a bill to make 25 million Texans pay an extra $3.25 a year to help provide water for decades. Then, with a record drought devastating farms and ranches, the state representative’s party leaders waded in.