Broadband.money logo

Limited-Tax General Obligation Pledge

Limited-Tax General Obligation Pledge Banner Image

Asks the issuing local government to raise property taxes if necessary to meet existing debt service obligations. However, this increase is bound by a statutory limit. With limited-tax general obligation pledges, governments can still use a part of already-levied property taxes, use another stream of income, or raise property taxes to an amount equating to existing debt service payments to answer its debt obligations.

Get help to win broadband grants

Need help winning broadband grants?
See what we can do for you.

Related Broadband Grant Terms

Broadband Grant Terms