Latest / The Fiscal Policy Podcast with Fexingo: Government Budgets, Stimulus, and Public Spending
How Municipal Bonds Quietly Fund Your Local Schools
Most Americans never look at their local school board budget, yet it dictates the quality of education in their zip code. In this episode, Lucas and Luna dissect the mechanics of municipal bond markets, specifically focusing on how general obligation bonds fund public infrastructure without raising direct taxes. We explore the role of tax-exempt interest in attracting institutional investors, the hidden risks of credit rating downgrades, and why a city's fiscal health often depends on its ability to borrow against future property values. This is not just about government spending; it is…
The skinny
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