Tax Exempt Bonds: A Description of State and Local Government Debt
Description:
This report provides information about state and local government debt. State and local governments issue debt instruments in exchange for the use of individuals' and businesses' savings. This debt obligates state and local governments to make interest payments for the use of these savings and to repay, at some time in the future, the amount borrowed. State and local governments may finance capital facilities with debt rather than out of current tax revenue to more closely align benefits and ta…
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Date:
February 15, 2018
Creator:
Driessen, Grant A.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department