There’s more at stake than just deciding the right man to lead the country on November 4; voters across the country also have to decide on whether they want to approve some $66 billion in municipal bonds.
The bonds will be used for schools, sewers and pet other projects in 41 states. In the current cash-strapped economy, states are requesting record-breaking levels of borrowing to finance construction and revitalization to public establishments and to upgrade technology.
California leads the way in municipal bond measures placed before voters, with almost $42 billion, the headline bond being a $9.95 billion issue that would fund a high-speed rail network. Columbus, Ohio wants $1.66 billion to be approved by voters. And a $300,000 bond will fund the Maryland Zoo and Meyerhoff Symphony Hall in Baltimore.
View this content by subscribing
Please register to unlock this content
I already have an account. Log in
