Learn About California's Municipal Bonds With EMMA

摘要

More than 5,200 California cities, towns, other public agencies - and the state government - use municipal bonds to finance infrastructure and other community projects. In September, for example, the City of Long Beach issued $327 million of revenue refunding short-term notes related to the Port of Long Beach, and the California Pollution Control Financing Authority issued $ 100 million of revenue bonds to finance waste disposal facilities. In August 2018, $20 billion worth of California securities were traded, representing 15 percent of all municipal bonds traded that month. This is just a snapshot of the information freely available to California municipal officials and citizens on the Electronic Municipal Market Access (EMMA®) website at emma.msrb.org. The EMMA website is operated by the Municipal Securities Rulemaking Board (MSRB), the congressionally chartered, self-regulatory organization whose mission is to promote a fair and efficient market for municipal bond offerings and other municipal securities that help finance local schools, parks and other public projects. EMMA can serve as a valuable resource for local government officials whose agencies have outstanding debt or may be considering issuing new bonds and want to compare their financial situation with other bond issuers within California or around the country.