Why it’s more expensive for Black towns to borrow money

Grist
By Jake BittleAug 18, 2023, 8:15 am178 pts
When cities need to raise money for roads and water lines, they have a few options. They can raise taxes, for instance, or charge fees for city services. If that isn’t enough, though, they can also issue bonds, borrowing on a $4 trillion credit market to pay for new construction projects they can’t afford…

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