The story is focused on the City’s financial issues specific to Bonds….
A 2½-year investigation by federal authorities has concluded that the city of Miami misled investors about the city’s financial health as it sold hundreds of millions of dollars worth of bonds dating back to 2007. via Miami misled investors over city’s financial health, SEC charges – Miami-Dade – MiamiHerald.com.
But it does make you wonder about the need to declare Fiscal Urgency…. if things were moved around to make the Bond deals ‘better’ why couldn’t things be moved around to make the F.U. equally necessary?