UPDATE August 2013: For more information on capital reserve funds, click here. Blight City has fallen on hard times. Its population has declined significantly since the 1990s, due in large part to the shuttering of two large manufacturing plants. Emblematic of the city’s decline is its central downtown area. Once a vibrant community center, it […]
Posts Tagged ‘capital financing’
Financing Capital Projects—Part I: “Saving” through Fund Balance and Capital Reserve Funds
Sunday, October 7th, 2012Debt Financing Primer for Local Governments: Installment Finance Agreements
Thursday, June 2nd, 2011Quick Quiz: Which of the following constitutes an installment finance agreement under North Carolina law? 1. The Village of BlueSky purchases a fire truck for $350,000. To pay for the truck, the town enters into a financing agreement with a local bank. The financing contract extends for a period of five years, at 4.2% interest. The […]