CHICAGO - An Iowa taxpayers watchdog group yesterday filed a lawsuit against state Treasurer Michael Fitzgerald in an attempt to stop a $375 million tax and revenue anticipation note issue planned for next week.

The suit, filed by lowans for Tax Relief, alleges that the state's cash-accounting system hides a long-term deficit. It asks the court to force the state to use generally accepted accounting principles, according to William Smith, the group's attorney.

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