Search results

Generally speaking it's a good idea for a city to borrow at certain times to stimulate the economy, and reduce their debt at other times to shrink bubbles. Pay down the debt when things are good and borrow to get through the tough times, basically. Exactly when this should happen is going to...

https://www.investopedia.com/investing/basics-of-municipal-bonds/ The city issues municipal bonds, which citizens (and sometimes non-citizens) buy. The bonds "mature" at an agreed on date and the value of the bond is owed back to the holder, with interest, on that day. Thus the debt is owed...