Municipal Asset Management, Inc.
In this era of tight operating and capital budgets, Municipal Leasing is an effective and simple method for providing the capital equipment needed to provide essential services--education, public safety, water and sewer etc. while improving cash flow management.
A Municipal Lease or Tax-Exempt Lease Purchase is essentially an installment sales contract. Properly structured with annual renewals a municipal lease constitutes a current expense of the municipality and does not create debt. Because the interest is exempt from federal tax, a tax-exempt lease offers the municipality a significant cost savings when compared to conventional leasing.