Munis save governments more than $700 billion in interest.

• Jurisdiction: United States
• Date: 01 October 2015

State and local governments would have paid $714 billion in additional interest expenses between 2000 and 2014 without tax-exempt municipal bonds, according to a new white paper issued by GFOA and the International City/County Management Association (ICMA).

Other key findings from the new public policy whitepaper, Municipal Bonds and Infrastructure Development--Past Present and Future, prepared by Justin Marlowe of the University of Washington on behalf of ICMA's Government Affairs and Policy Committee, include:

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