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As Dollar Dips, City Bonds Downgraded, Taxpayers Hit
Sara Moore || March 02, 2008 || Economic Policy

As Wall Street puts a low rating on municipal bonds, the cost of improving schools, roads and bridges goes up... cost that gets passed on to the taxpayer in the form of higher fees and interest on public debt.

States and Cities Start Rebelling on Bond Ratings: Does Wall Street underrate Main Street? - 3 March 2008 - The New York Times

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