# 🍆 Muni – GO

By [Let Them Eat Cake](https://paragraph.com/@ltecake) · 2022-06-21

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**TL,DR: Like supporting the local farm share, municipal revenue bonds are backed by the entire community**

Municipal GO Bond / Farm Share Squash

*   directly supporting the local community
    
*   quality of product depends on the collective success of an area
    

Eatamology “Municipals” or “Munis” are bonds issued by municipalities including state and local governments. “GO” refers to “General Obligation”, meaning the bonds are backed by the general public that will benefit from investments in the product. All the residents must collectively contribute to the interest and principal payments via taxes, rather than by supporting a specific project.

Financials Municipal GO bonds depend on the financial health of an entire community, just like a farm share depends on the success of all the farms in the collective. By not relying on a single producer, these products carry less risk than revenue bonds, but offer similar benefits of supporting the community and avoiding taxes.

Nutrition Facts Price: Par Issue Frequency: bi-annually Maturity: Medium Interest/Coupon Amount: Low - Medium Coupon Type: Zero Yield: Low - Medium Tax Status: Tax Exempt

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*Originally published on [Let Them Eat Cake](https://paragraph.com/@ltecake/muni-go)*