True or False: "Long-term borrowing is justified for the purpose of acquiring, constructing, replacing or repairing buildings and other facilities that cities and towns use to provide local government programs and services."
Answer: True
These facilities — including parks, police and fire stations, water and sewer infrastructure, and recreation facilities — have a relatively long life. Other expenditures for relatively short-term or recurring purposes, such as operational expenses and staff salaries, are generally not funded through long-term borrowing measures.
The Municipal Elected Officials Institute of Government offers in-person and online courses. Elected officials who complete all of the required coursework graduate from the institute and are eligible to participate in the Advanced Institute. The next in-person courses, held September 18, will be "Municipal Economic Development" and "Forms of Municipal Government." The next Advanced MEO Institute sessions on October 24 will be "Advanced Budgeting and Finance" and "Advanced Leadership and Governance."