The government practice of issuing debt instruments without voter approval, often to get around legislatively enacted debt restrictions.
Related information about backdoor borrowing:
- Backdoor Borrowing - Financial Dictionary - The Free Dictionary
The act of a government borrowing without voter approval. This may or may not occur after the voters have refused to authorize a bond issue. The practice is ...
- backdoor borrowing - Invest Definition
backdoor borrowing definition: Borrowing by a public authority without voter ... Public authorities often use backdoor borrowing when voters reject proposed debt ...
- What is backdoor borrowing? definition and meaning
Definition of backdoor borrowing: The government practice of issuing debt instruments without voter approval, often to get around legislatively enacted debt ...
- Backdoor Borrowing - Creating a Fiscal Crisis for Future Generations
Jun 15, 2006 ... New Yorkers continually face higher taxes because of backdoor borrowing policies, and it happens without voter approval. As of March 31, ...
- DiNapoli Finds More Trouble For A Monroe County LDC
Jun 1, 2012 ... DiNapoli accused the county of “backdoor borrowing” over the last three ... “This backdoor borrowing loaded taxpayers with debt for three ...
- Gotham Gazette -- The Subways And The Series
However, the overall state plan relies even more on backdoor borrowing. This is the "bad" kind of state debt, where the state gets around the voters by having ...
- On The County Sewer Debt Plan | The Roslyn News
May 25, 2012 ... This is a form of backdoor borrowing. Potential financial investors who invest money to Public Private Partnerships (P3s) expect annual returns ...
- Ten Essential Reforms We Can't Live Without - Rochester Business ...
It permits “backdoor borrowing” by state authorities, without voter approval, which currently accounts for 94 percent of the state's debt load. Though the ...