Category: municipal bonds

States’ financial stress may put pressure on municipal bonds

At Vernon Litigation, we are concerned that States in distress – such as California – will push their problems down to the local level, which will in turn put tremendous stress on municipal bonds issued by municipalities within those states. If California’s current effort to convince its constituency to accept a tax hike to help the state get out from underneath a $15.7 billion deficit fails, then the next steps […]

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