Debt Obligations Transparency Dashboard

Municipal Bond picMunicipalities take on debt for various public purposes, typically by selling bonds. Usually the proceeds pay for capital projects and long-term capital improvement programs. These can range from the construction of buildings, infrastructure, and park improvements to the installation of public utility distribution and collection systems. In borrowing money, cities offer future tax collections and/or utility revenues as security for the debt. The governing bodies of cities appropriate funds in their operating budgets to repay all municipal debt.

 

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