State and Local Government

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August 25, 2024 4 min read Definitions

Municipal Bond: A Crucial Financial Instrument for Local Governments

Finance Investments Municipal Bond Tax-Exempt State and Local Government Capital Gain Capital Loss

A municipal bond is a bond issued by a state or local government body such as a county, city, town, or municipal authority. Interest earned is generally not taxable by the U.S. government, nor in the jurisdiction that issued it.

August 24, 2024 4 min read Definitions

Governmental Accounting Standards Board (GASB): Mission, Functions, and Significance

Government Regulations Accounting GASB Governmental Accounting Accounting Standards Financial Reporting State and Local Government

An in-depth exploration of the Governmental Accounting Standards Board (GASB), its mission, core functions, and the significance of its role in developing accounting principles for state and local governments.