Local Governments and Special Districts

How much does it costs government to bring water to your home? To upgrade an aged water distribution system with new pipes or computer sensing devices that monitor pressure and flow? The costs are high. These high costs rarely are reflected directly in the financial statements published by municipalities and…

Division 5-44. Local Government Reduction and Efficiency (55 ILCS 5/5-44005 new) Sec. 5-44005. Findings and purpose. (a) The General Assembly finds: (1) Illinois has more units of local government than any other state. (2) The large number of units of local government results in the inefficient delivery of governmental services…

Municipal Bonds (“Muni bonds”) are financial instruments used by communities to pay for public purposes such as necessary government services and desirable community facilities. For example, as a community, we vote for necessary subdivisions of local government to provide for roads, water and sanitation, schools, police and fire protection districts,…