Bond Bids Hailed As Signal of City's Improved Finances

Buffalo NewsJune 30, 2011

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Summary


When Buffalo enticed nine investment firms to bid this week for bonds that will finance millions of dollars in projects, experts saw a sign of the city's improved fiscal health.

Until last year, the city hadn't held a competitive bond sale for a quarter century.

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Extract


Bond Bids Hailed As Signal of City's Improved Finances

City comptrollers turned to less desirable negotiated sales because of Buffalo's shaky finances.

After Morgan Stanley submitted...

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