Article: San Francisco enters the debt-friendly age of Brown.(San Francisco, California, public finance and new mayor Willie Brown)

"Everybody expects that there will be an increase in debt issuance," says John Ruiz, senior municipal analyst at Van Kampen American Capital Inc., speaking of San Francisco under Mayor Willie L. Brown Jr.

The former state Assembly speaker - a Democrat who is widely regarded as debt-friendly - took office this month after defeating the incumbent mayor, fellow Democrat Frank Jordan, in a runoff election in December.

Ruiz added: "And we think they have the capacity to handle it."

Five analysts interviewed by The Bond Buyer agree, but all also warn that in spite of a relatively strong economy, an unusually debt-supportive population, and an impressive ...

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