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The municipal bond market finances essential infrastructure that generally enhances our collective well-being. Aiding, abetting and investing in the construction of jails and prisons is a glaring and horrific exception.

In this ImpactAlpha article, Eric Glass explores how Chicago is leveraging low-cost municipal bonds to fund the removal of toxic lead service lines. He outlines how the city’s approach could serve as a model for using public finance to address urgent environmental and public health issues.

The municipal bond market has long been a vehicle for financing essential infrastructure.