2019 - Fact Sheet

"But How Will We Pay For It?" Active Transportation Funding Mechanisms: Municipal Bonds 101

This fact sheet explains one way to fund active transportation improvements: bonds. It covers what bonds are, how they can be used to pay for active transportation infrastructure, and provides advice for advocates interested in using this method to pay for active transportation.

Bonds are long-term loans issued by governments or corporations. Like other loans, bonds are repaid regularly over time with interest. There are many types of bonds; this fact sheet focuses on municipal bonds, which are the primary type of bond used to pay for active transportation infrastructure.