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Governmental Lease/Purchase Programs
In today"s environment of declining tax revenue and increased operating costs, cities are searching for new and innovative ways to finance badly needed capital equipment purchases. Today taxpayers demand that municipal leaders hold the line on taxes while insisting that more and better service be provided. Lease/purchase plans give governmental entities fast and flexible ways to acquire equipment when it"s needed, and at the same time, eliminate the complexity of a bond issue or (in most cases) the time necessary for general voter approval. Lease/purchase plans are economical because they offer tax-exempt interest rates while still building equity toward ownership. Nation-wide, knowledgeable states, cities, towns, and villages are turning to lease/purchase plans as a viable way to provide much needed services in lean times.
