Voters in Phoenix will decide on Tuesday whether the city will issue half a billion dollars in bonds to finance major infrastructure projects. General obligation bonds are a commonly-used, long-term borrowing tool for cities. A city issues bonds, which investors buy because they are tax-exempt and considered low-risk. A city pays back the bond, along with interest, over many
Phoenix City Council Approves Massive Spending Projects arizonadailyindependent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arizonadailyindependent.com Daily Mail and Mail on Sunday newspapers.