Towards Transparency in Municipal Finance

Cities that finance public projects through municipal bonds owe their investors and the public an accurate and complete picture of their financial health. Lynnette Kelly, executive director of the Municipal Securities Rulemaking Board (MSRB), the regulator charged with ensuring the fairness and efficiency of the municipal market, discusses the bond issuance process, the role of financial professionals, and the importance of disclosure. The presentation is followed by a conversation with Lincoln Institute Fellow Lourdes Germán. The event was the third in a yearlong series that is part of the Lincoln Institute's campaign to promote municipal fiscal health.