A study posits a relationship between the extent of municipal financial disclosure and the political culture of that municipality. Municipal financial disclosure is framed as a monitoring device, serving as a communication tool between municipal government and interested users of that information. Political culture is principally a measure of the interaction between a government and its citizenry. The study builds an argument that when there is a significant amount of interaction between a municipal government and its related population (the political culture construct), the level of disclosure will be greater. The study finds a positive relationship between the political culture of a municipality and the amount of information dissemenated by that municipal government.
Tax-free income is typically considered a dividend paid from a municipal bond. If you own a municipal bond, you are loaning money to a municipality like a city or a state or to a municipal project like a toll road. The bond will specify the terms of the loan, such as the interest rate and when the principal will be paid back. You may own an individual bond or you could own many bonds through a mutual fund or an exchange traded fund. In the past, you could buy a tax-free bond and hold it until maturity and be virtually certain you would receive your dividends and principal as expected. Choosing a bond to purchase was fairly simple because most investors considered only a few facts regarding the bond to make a decision. For instance, investors wanted to know the rating or credit quality, ...
Individual who owns residential real estate in a municipality, lives there for more than 90 days during a tax year, receives and pays for municipality's water service at that property, and has filed and paid municipal income taxes for tax years prior to and subsequent to the years in question, has both a residency and domicile in the municipality as defined by the municipality's tax code and is required to file a municipal income tax return for the years in question.
The next time you question a closed road or traffic jam in Murrysville, check Twitter for the answer. The municipality launched a Twitter page in May to communicate traffic warnings and event announcements to residents. Municipal officials started the feed as a way to get information to residents on the go.
BANGOR The city has decided not to renew its long-term membership with the Maine Municipal Association beginning next year, becoming just the sixth municipality among 492 in Maine to do so. In an email sent to municipal staff and city councilors, Bangor City Manager Catherine Conlow indicated that there were a number of reasons behind the decision, which was made during the citys recent budget discussions.
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