This authoritative book offers more than seven million holders of tax-exempt securities, stockbrokers, and all others interested in the future of municipal finance the tools to evaluate the safety of municipal securities. Re...

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This authoritative book offers more than seven million holders of tax-exempt securities, stockbrokers, and all others interested in the future of municipal finance the tools to evaluate the safety of municipal securities. Revised and completely up to date, the Second Edition discusses the long-range implications of the property tax revolt and its effect on municipal finance. It provides the necessary information to help the readers analyze such important trends as population shifts, social and economic characteristics, the political climate, cash flow, revenues, taxes per capita, pension obligations, and many others. What's more, there are now new sections covering transportation bonds, education bonds, solid waste and resource recovery bonds, bonds for infrastructure purposes, bonds with market-related financing options, and municipal analysis.

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