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Financing Community Facilities: A Case Study Of The Parks And Recreational General Obligation Bond Measure Of San Jose, California

  • Shishir MATHUR


    (Urban and Regional Planning Department, San Jose State University, United States of America)

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    This study of the City of San Jose’s Parks and Recreation General Obligation (GO) Bond Measure seeks to identify the politics-, management-, and planning-related lessons learned by the City as it developed its community facilities using the GO bonds proceeds. The study finds that these lessons include: be conservative in what you promise the residents; be prepared for changes in economic environment by identifying supplementary funding sources should the primary source not yield adequate funds; make sure that the jurisdiction is organizationally capable of handling the increased workload; and prepare detailed project plans prior to the bond issuance.

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    Article provided by Research Centre in Public Administration and Public Services, Bucharest, Romania in its journal Theoretical and Empirical Researches in Urban Management.

    Volume (Year): 4 (2009)
    Issue (Month): 2(11) (May)
    Pages: 34-49

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    Handle: RePEc:rom:terumm:v:4:y:2009:i:11:p:34-49
    Contact details of provider: Postal: 6 ROMANA PLACE, 70167 - BUCHAREST
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    1. Vikram Nanda & Rajdeep Singh, 2004. "Bond Insurance: What Is Special About Munis?," Journal of Finance, American Finance Association, vol. 59(5), pages 2253-2280, October.
    2. Rivers, Mary Jean & Yates, Barbara M., 1997. "City size and geographic segmentation in the municipal bond market," The Quarterly Review of Economics and Finance, Elsevier, vol. 37(3), pages 633-645.
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