Government
Mar. 13, 2012
Concern grows over municipal debt
Municipal finance organizations are increasingly concerned that ambiguity in state law dissolving local redevelopment agencies could force cities and counties to default on bond payments due later this year.
Daily Journal Staff Writer
Municipal finance organizations are increasingly concerned that ambiguity in state law dissolving local redevelopment agencies could force cities and counties to default on bond payments due later this year.
In comments issued Friday, the National Federation of Municipal Analysts warned the law's lack of clarity "raises the potential for errors in administration, inconsistency of approach and un...
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