ComentáriosConstataçõesPerspectivasExplicativos
Tema
Municipal & Public Finance
3 textos
Textos
- ComentárioInfrastructure
Local infrastructure is limited by the people who can run a project, not by the price of money
The ten-year Treasury rose from 0.89 percent in 2020 to 4.29 in 2025 and nonresidential construction spending rose alongside it, from 856 billion dollars a year to 1,309. What complicates the argument is that the only capacity measure held here counts business and financial operations workers across every industry, not the staff of any city hall.
- ExplicativoInfrastructure
What a revenue pledge is and what it does not promise
A revenue pledge hands bondholders one named stream of money and shuts them out of everything else. By the end you will know the order the money leaves the account, the covenant that keeps the stream large enough, and the risks the pledge quietly leaves with the public.
- ExplicativoDevelopment Finance
What a municipal bond pays for and who repays it
A municipal bond is a loan from investors to a government. By the end you will know what the money is allowed to buy, which pocket the repayment comes out of, and why two bonds sold by the same city in the same week can rest on completely different promises.