Includes “Oklahoma City funds some its biggest public works without taking on municipal debt. … It’s a pretty simple concept: Instead of issuing bonds, city voters approved a one-cent sales tax increase. The proceeds would go to the MAPS fund for different projects. It’s like keeping a loose change jar with a specific future purchase in mind. … You might recall in January that the non-partisan Truth in Accounting released its annual Financial State of the Cities report (assuming you’re jazzed about public finance and have made it this far into this piece). …”
Read the full article on: The 101 Policy Corner