municipal

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Municipal Bond

A bond issued by a local or state government. Municipal bonds are usually used to raise capital for improvements in infrastructure or other aspects of the municipality. For example, a city or school district may issue a bond to build a new school or a new playground. Municipal bonds are exempt from federal income taxes and sometimes from state and local taxes as well. Municipals usually pay lower coupons than corporate bonds, but because the yield is tax-free, the after-tax basis may be higher for a municipal bond. Risk varies with the municipality and the particular type of municipal bond. It is sometimes called a municipal improvement certificate.

municipal

References in periodicals archive ?
Despite being available only since the 2014/2015 school year, municipally funded HPV vaccination for boys has achieved admirable results: the number of municipalities that offer sponsored HPV vaccine for boys increased from two to 10 in just 4 years (Fig.
"CPS Energy is proud to rank number one in the amount of wind energy capacity among the nation's municipally owned utilities," said Milton Lee, CPS Energy general manager and CEO.
"There were a lot of regulations and rules about municipally owned entities being able to offer services like this.
Al-Asali told the delegates about frequent Israeli attacks on Hebron and its neighboring towns and villages, aimed at forcing the residents out of the municipally, in favor of Israeli settlers, about the constant threat from Israeli settler attacks, some of them deadly, on Palestinian residents.
The report also lists 481 solid waste sites, including 155 municipally owned solid waste landfills, more than 90 of which are closed or in the process of being closed and another 65 are scheduled for closure by 2011.
New Jersey recycled 11.4 million tons of materials, including municipally generated material as well as commercial scrap, such as iron, concrete and wood, for an overall solid waste recycling rate of 53 percent.
"Charter school teachers recognize the value of having union representation, a contract, job security, and a voice in their schools." The 181 to 46 vote affects about 300 employees at seven municipally run charter schools.
"Under his leadership, Dearborn experienced new retail, dining and commercial developments as well as the creation of the Ford Community & Performing Arts Center, the largest municipally owned recreation center in North America."
As part of the project, Westminster Communities has also upgraded streets and infrastructure in the area and built Cranford's first municipally owned parking garage, providing 310 spaces to be shared by commuters, shoppers, retailers and residents.
This was the first municipally owned bus line in the United States and is still in operation by the city.
When the Mayor of Philadelphia announced his plan to provide municipally sponsored Wi-Fi Internet access, Verizon, the incumbent telecommunications service provider organized lobbyists to block the plan.
Bailer concluded: "The plain, hard truth is that universal electric service would never have developed on a timely basis in the absence of municipally owned electric utilities and rural electric cooperatives"--which still account for more than a quarter of the power in the country today.