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Municipal Elected Officials Institute of Governments Monthly Quiz

​True or False: Long-term borrowing is justified for the purpose of acquiring, constructing, replacing or repairing buildings and other facilities that cities and towns use to provide local government programs and services. 

Answer: True.

These facilities — including parks, police and fire stations, water and sewer infrastructure, and recreation facilities — have a relatively long life. Other expenditures for relatively short-term or recurring purposes, such as operational expenses and staff salaries, are generally not funded through long-term borrowing measures. 

The Municipal Elected Officials Institute of Government offers online courses. In-person classes will resume when COVID-19 activity drops to safe levels. To register for the online courses, visit the MEO Institute of Government webpage and log in with your user identification number and password.