LTGO bonds, or Limited Tax General Obligation bonds, are a type of municipal bond issued by local governments (like cities, counties, or school districts) to raise money for public projects such as roads, schools, or parks.
- General Obligation (GO) Bonds: These bonds are backed by the issuing government's promise to repay the debt.
- Limited Tax (LT): Unlike regular GO bonds, which may allow unlimited tax increases to repay the debt, LTGO bonds can only be repaid using existing revenue or with limited increases in taxes.
Think of LTGO bonds like a loan that a city takes out, promising to repay it with existing tax funds rather than imposing unlimited tax hikes. Investors buy these bonds, and in return, they receive interest over time until the government repays the full amount.
2018 LTGO Bonds
2023 LTGO Bonds
South Correctional Entity (SCORE) Bonds