Municipal bonds are a $3.7 trillion market, and lately, they’re attracting record investment dollars. But what’s the impact?
They’re needed: In many cities, muni bonds are underpinned by jail bonds and fines that disproportionately affect blacks and Latinos. Some towns in the St. Louis metro area earn as much as 40 percent of their income from fines and fees.
Paul Herman from HIP and Mary Taft-McPhee and Rodrigo Davies from Neighborly joined a recent Transform Finance webinar to explore muni bonds and social justice.
Photo credit: Town of Richland