Shaken Miami-Dade Sets Deal

The Bond Buyer reports:

As Miami-Dade County prepares for a $361 million general obligation bond sale near the end of the month, Florida’s largest county is undergoing a top-down shake-up of government.

About 88% of voters, unhappy about budget decisions that led to property tax increases, ousted County Mayor Carlos Alvarez and Commissioner Natacha Seijas in a recall election Tuesday. Only 16% of eligible voters in the county cast ballots.

“The voters have spoken,” Alvarez said after a defeat that may end his 35-year career in politics. “No matter which side of the recall issue, one thing is certain: we all care very deeply about this community.”

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