In the latest installment of the Department of Legislative Services’ (DLS) podcast, Matthew Bennett and Patrick Frank discuss last month’s sale of $550 million in State General Obligation Bonds.

The nationally-regarded Department of Legislative Services staff explains a little-understood but important part of government finance, including:

• Why does the state government borrow money, through bonds, to pay for capital projects?
• What does the state’s Triple-A bond rating mean for taxpayers?
• How does the state actually sell bonds? Who can buy them?
• The difference between taxable and tax-exempt bonds.

A link to the podcast can be found on the DLS website.

You can listen to MACo’s Conduit Street Podcast on our website.