Most municipal bond market professionals have by now seen, and shuddered over, a long story in The Atlanta Constitution headlined "Bond Deals Pinch Taxpayers -- Voters Often Have No Say Over New Debt."

No doubt months in the making, written by a Pulitzer Prize-winning reporter with the aid of a data base editor who works on "computer-assisted reporting," the story analyzes how a number of localities in Georgia sell revenue bond debt, and promises to uncover "America's Hidden Bond Scandal."

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