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Municipal Bond Ratings at Risk w/Property Tax Cut
Rating agencies say the plan could cut local property-tax revenue by about $12 billion a year and weaken borrowing capacity.
Summary by ricksblog.biz
3 Articles
3 Articles
Reposted by
Orlando Sentinel
Property tax cuts could hurt local government credit ratings
An overhaul of Florida's property tax structure would have a sweeping impact on the financial stability of local governments, according to three of the nation’s biggest credit rating agencies.
Municipal Bond Ratings at Risk w/Property Tax Cut
Wall Street's 3 biggest credit raters agree: Florida's Nov. property tax amendment means less revenue, no backup plan & possible downgrades. The post Municipal Bond Ratings at Risk w/Property Tax Cut first appeared on Rick's Blog.

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Coverage Details
Total News Sources3
Leaning Left1Leaning Right0Center1Last Updated50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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