garth

You gotta do it quick. Stay focused!

You mean, could a mayor take surplus tax revenue and lend it out to earn interest (buy bonds)? I suppose that’s possible, assuming the city council approves.

Cities usually have the opposite problem, though. Voters didn’t like to pay taxes, so cities operate with very little surplus cash. They often need to borrow money (issue bonds) to pay for capital projects like new school buildings.