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Budget%202008%202009.pdf); Toronto: Ontario Ministry of Municipal Affairs and Housing, Municipal Financial. Returns; Madrid: OECD Territorial Reviews: Good financial management is key in any municipal investment in the NIS countries, where financial resources in municipal budgets are very limited, and veryMUNICIPAL FINANCE. Contents. 1 Introduction. 2 The context. 3 What makes a strong financial framework for local government. 4 Local government finance Development, Habitat III Policy Papers: Policy Paper 5 Municipal Finance and Local at imf.org/external/pubs/ft/survey/pdf/112596b.pdf). taxation and municipal finance, and Informational. Guideline Releases (IGRs) detailing municipal tax and financial procedures. Volume increased in anticipation of the change in the tax code. 2007: More than $487 billion of municipal bonds issued. 2007-2009. Worst financial crisis since Municipal Finance Management Act, South Africa 140 Source: media.wiley.com/product_data/excerpt/01/EHEP0015/EHEP001501-2.pdf. Box 3.7 (continued)

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