Today is Monday, 18th November 2024

FL: State Says $3 Billion Can be Pulled From $12 Billion Fund

A follow up for you municipality rights junkies on a story we brought you earlier. Score one for the localities.

Local governments will be able to withdraw no more than a quarter of the $12 billion they have invested in a Florida-run investment fund before next spring — because the fund doesn’t want to sell the investments at a loss.

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