The great majority of municipalities are working hard on their new fiscal budgets and are ready for another year of serving their public. Nationwide, all of the cities, counties, and various types of districts are facing reduced revenues thus the need to control their expenses and maintain their capital reserves is a top priority. Municipal Lease/Purchase financing allows them to pay for needed equipment over time which is the same benefit we have discussed with commercial financing of equipment.
And there are more benefits for cities…
Municipal and commercial financing have many of the similar advantages. Since city budgets are tighter than ever, they are forced to keep capital in reserve and look for ways to streamline their costs.