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GO |
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General Obligation Bond In the United States, a municipal bond in which the issuing locality pledges to use all revenues at its disposal to pay bondholders, including the raising of property taxes. Should a sufficient number of residents not pay their property taxes that it impacts revenue for bondholders, the terms of the bond legally require the municipality to raise property taxes to make up the shortfall. There are two basic types of general obligation bonds. A limited GO allows for the raising of property taxes up to a certain percentage, while an unlimited GO theoretically allows the municipality to levy taxes of up to 100% of a property's value. Because an unlimited GO provides a great incentive to pay property tax on time, and because many states only allow such a bond to be issued following a vote on the matter, credit ratings agencies usually rate them higher. However, both types of GO are generally rated highly. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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This will be the first time that students will be going to Belize, a small Central American country in the Caribbean, known for its diving spots and dramatic Mayan ruins. Grown-ups in America may be going to the polls in a few days to elect -- or re-elect -- a President, but this week thousands of children across the nation chose a winner of their own in "The Great Community Cookie Election," as part of the Doubletree Teaching Kids to CARE(R) program, a community-based outreach initiative that connects Doubletree hotels with local elementary schools and youth groups to educate children on the importance of caring for others. You may be going on vacation this summer, but your bank account won't be |
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