Sentences with phrase «local general obligation bonds»

This will spurt other states from New Jersey to Illinois to ask for Super Chapter 9, and the result would be a disaster for millions of American retirees who are invested in state and local general obligation bonds.

Not exact matches

General obligation bonds issued by local units of government are secured by a pledge of the issuer's property taxing power and must be authorized by the electorate.

CRETE — As part of his campaign against issuing general obligation bonds without voter approval, Crete resident Richard Blievernicht spoke out against two bond proposals at recent local public hearings.

The Oregon Legislature this year authorized the sale of $ 123 million in state - backed general obligation bonds to fund a new School Capital Improvement Matching Program to help stretch local dollars and address urgent school facility needs across the state.