Published: October 22, 2020
This material contains general information; it should not be used as a substitute for legal advice. Any attorney general opinions cited in this material are available on request from the League’s Research and Information Service staff.
Read about commonly used and authorized financing tools for cities to fund local improvements and economic development. Includes discussion on issuing debt (bonds), reserve funds, housing and other improvement and special service districts, fees and connection charges, use of development agreements, and state and federal road and bridge funding sources. Also considers certificates of indebtedness, tax increment financing, tax abatement and municipal state aid. Introduces concept of a capital improvement plan, especially for street reconstruction and water and sewer infrastructure.