Changes

If approved, rarely are all the bonds issued at once.  Most proposals cover many major projects planned over several years, as the sheer availability of labor and materials would make it impossible for all the projects to be done at one time.  Instead, bonds are issued in series (so as to minimize the debt level).  Also, proceeds not needed immediately are invested to earn interest, thus lowering the total amount needed.

If approved, rarely are all the bonds issued at once.  Most proposals cover many major projects planned over several years, as the sheer availability of labor and materials would make it impossible for all the projects to be done at one time.  Instead, bonds are issued in series (so as to minimize the debt level).  Also, proceeds not needed immediately are invested to earn interest, thus lowering the total amount needed.

[[Category:Finance]]

[[Category:Debt]]