Search the Community
Showing results for tags 'debt'.
Found 1 result
Why does the city -- oops, the Municipality -- or, "The Muni" -- of Anchorage, Alaska, use MUNI.ORG for its domain name? We're not stupid. "Munis" are municipal bonds. "MUNI.ORG" sounds like a non-profit bond rating organization. Anchorage does borrow money and issue bonds: http://www.municipalbonds.com/bonds/issue/033177YZ3/ http://www.municipalbonds.com/bonds/issue/033161XA3/ http://www.municipalbonds.com/bonds/issue/0331616G0/ http://www.municipalbonds.com/bonds/issue/033285SB4/ http://www.municipalbonds.com/bonds/issue/0331614B3/ Aa2 rating from Moody's and all that. Anchorage is not that large a city, but it is issuing bonds as if it were Chicago, Illinois. We're still not stupid. Anchorage City Hall is flaunting its ability to borrow and spend money on the credit of its citizens. General obligation, water, electric, blah, blah, blah, all these departments issue their own debt? It just makes me want to vomit. Alaska is not that populous a state, and not even its largest city is all that large. But we definitely have a Chicago-sized city hall problem.