Municipal Bonding and Taxation

This book, first published in 1979, examines the economic lives of municipal governments, analyzing the sources of revenue through bonding and debt, taxation, and other miscellaneous sources.

Format: Hardback
Length: 202 pages
Publication date: 20 December 2021
Publisher: Taylor & Francis Ltd

This captivating book, originally released in 1979, delves into the intricate economic realms of municipal governments. These local authorities offer a wide array of essential services, necessitating the allocation of financial resources to cover their costs. Within the pages of this insightful publication, the diverse sources of revenue that support these services are meticulously examined, spanning three comprehensive sections: bonding and debt, taxation, and other miscellaneous sources of income. The bibliographic entries extend far into the nineteenth century, reflecting a significant postwar surge as the financial challenges faced by municipal corporations escalated in parallel with the expansion of suburban areas.

The first section, titled "Bonding and Debt," explores the mechanisms employed by municipal governments to finance their projects and initiatives. It examines the various forms of bonds, including general obligation bonds, revenue bonds, and special assessment bonds, and discusses the advantages and disadvantages of each. The chapter also sheds light on the debt management strategies employed by local authorities, including bond refinancing, interest rate swaps, and debt restructuring.

The second section, titled "Taxation," delves into the diverse sources of tax revenue that support municipal governments. It discusses property taxes, sales taxes, income taxes, and other taxes levied on individuals and businesses within the jurisdiction. The chapter explores the tax rates, exemptions, and tax administration practices employed by local authorities to ensure efficient revenue collection. It also examines the impact of tax policies on economic development, housing affordability, and social welfare.

The third section, titled "Other Miscellaneous Sources of Revenue," explores alternative sources of income for municipal governments. It discusses grants from federal, state, and local governments, as well as private foundations and corporations. The chapter explores the eligibility criteria, application process, and the importance of leveraging these resources to support community-driven initiatives and projects. It also examines the challenges associated with securing and managing these funding sources.

Throughout the book, case studies and examples are provided to illustrate the practical applications of the concepts discussed. These case studies showcase the successes and challenges faced by municipal governments in different regions and contexts, providing valuable insights into the complexities of managing municipal finances.

In conclusion, this comprehensive book offers a valuable resource for policymakers, municipal officials, students, and anyone interested in understanding the economic dynamics of municipal governments. It provides a thorough examination of the sources of revenue, debt management strategies, and tax policies that shape the financial landscape of local communities. By exploring the economic lives of municipal governments, this book contributes to our understanding of the critical role that local government plays in shaping the well-being and prosperity of our society.

Weight: 540g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367769147