How Local Governments Borrow

Let's Dive into how Local Governments Get Money for Big Projects

If we are looking to put on a new roof, or a new addition to our house, or even purchase a new vehicle, we will often go to the bank and take out a loan. Our credit reports will be run, and legal documents will be signed and hopefully, we have our loan to get that new car or new kitchen.

Local government borrowing, isn’t quite as simple as going down to…