Dallas Official Lauds Gap-Closing $540 Million Pension Bond Deal

Watts, Jim
February 2005
Bond Buyer;2/7/2005, Vol. 351 Issue 32065, p6
Trade Publication
The article reports on the sale of bonds by Dallas, Texas municipality. The sale of these taxable general obligation bonds to support an under-financed pension program will deliver US$540 million to put the city of Dallas' pension plan on a actuarially sound basis. Without the pension bonds, the city would be hard pressed to close a roughly US$533 million gap between the fund's assets and its liabilities.


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