Government Accountability Office Issues Report on Tax-Exempt Bonds

The Government Accountability Office has issued a report on the growth and uses of tax-exempt bonds. The report discussed both government and private activity bonds. These bonds are a major source of financing for public works. Something we found interesting was that, in recent years, transportation, utilities and environmental projects combined accounted for just over 23 percent of the tax-exempt bonds issued. The largest single category of projects was education (including elementary, secondary and higher education) accounted for almost 33 percent. You can find the full report here.