City Of Angels Earning Its Wings
June 22, 2015 8:23 AM
4:22 Miguel Santana, Chief Administrative Officer for the city of Los Angeles, talks with The Bond Buyer's Chip Barnett about the June 24 sale of $1.39 billion of tax and revenue anticipation notes. He explains why the city earned top marks from the credit rating agencies, details the citys improved economic and financial situation, and explains how the way the city pre-funds it pension systems saves taxpayers money.