States and local government issues many billions of dollars worth of new bonds every year to pay for all sorts of things. Bonds is highly effective, when the State or local government does not want to increase tax on its citizens. Although, debt gives out a negative (deficit) outlook, if it is use for what is intended for and is budgeted right, it can positively influence the state or local economy. According to Colorado’s Department of the Treasury, Walker Stapleton, state and local government tack-on debt to update, repair and invest on capital project that will benefits citizens’ lives and promote intergeneration partnership. It is worthy to note that debt or deficit is not necessary a bad thing, for it does depend on how well the economy
