The City of Marshalltown recognizes the issuance of debt as an integral financing component of the capital improvement process and that a debt policy ensures the maintenance of sound debt position and protection of the City's credit and a means of control of the City's tax rate. The City of Marshalltown's Debt Policy can be reviewed here.
An Official Statement is prepared every time a bond is issued. This information is used by Moody's Investors Service to determine the City's bond rating. It is also used by financial investors to bid on the interest rates they will charge.