Agencies from the state, county, and city government, as well as other political subdivisions, are authorized to issue tax-exempt municipal bonds for their capital projects and other financial needs. These bonds carry a much lower interest rate, meaning that the project becomes more affordable and taxpayers get more for their money.
It is common for governmental agencies with a source of recurring revenue, like water and sewer systems, to secure bonds with the revenues of the system. General tax or project revenues can be applied as well. Non-revenue producing projects, like a new city hall, might be secured with general tax revenues.
Our goal is to serve our clients and help them reach their desired goal through legal, cost-effective means.