It is easy to see why bonds are attractive; the influx of revenue allows favored projects to be financed while minimizing, or in some cases, completely avoiding, tax increases. However, bonds are not free money. There are several factors worth considering before issuing new bonds . . .
Missouri’s Bonding Future
Economy
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About the Author
Michael Rathbone
Michael Rathbone was a policy researcher at the Show-Me Institute. He is a native of Saint Louis and a 2008 graduate of Saint Louis University, where he earned a bachelor of science degree in biomedical engineering. In 2010, Michael obtained an M.B.A. from Washington University in St. Louis with concentrations in finance and health care management. At the Show-Me Institute, Michaels policy areas included the state budget, taxes, public pensions, and public subsidies. He also delivered lectures to area high school students about the Great Depression from an economic perspective. Michael lives in Fenton.
