Cedar Rapids considers revenue bonds to fund flood recovery
Cedar Rapids officials rethink debt options after flood drives projected budget debt to 329.9 million this year, up 43 percent in three years. The City Council plans to rely more on revenue bonds rather than general obligation bonds to fund capital improvements and flood recovery costs, aiming to shield taxpayers. City leaders say previous cuts to streets and capital maintenance left a fragile base before the flood.
MENTIONED IN THIS ARTICLE
Rick Smith
Gazette
Cedar Rapids
Kris Gulick
Gulick
Mllions
City of
Johnson and Johnsons impact crowds at Cedar Rapids event
Olympic champion Shawn Johnson greeted about 2,000 fans at the Food Fitness and Fun event at the U S Cellular Center in Cedar Rapids. She urged girls from Twisters Cedar Rapids Area Gymnastics and Somersaults to stay true to themselves and focus on self image and personal responsibility.
MENTIONED IN THIS ARTICLE
Crystal LaGiudice
the Gazette
Shawn Johnson
U.S. Cellular Center
Cedar Rapids
Johnson
Angela Holmes
Gazette
Edar Rapids
Twisters
Hiawatha
Somersaults
Competi
Tive Sports
States see cash source in unclaimed WWII bonds
Washington report notes nearly 70 years after issue the federal government promised 40 year payout for WWII savings bonds and $16.7 billion remains unclaimed. States sue, alleging Treasury failed to locate bondholders or heirs and that unclaimed funds may pass to states under their escheat laws.
MENTIONED IN THIS ARTICLE
David Che
Washington Po
Washington
Franklin D. Roosevelt
Treasury Department
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