Bonds are debt instruments that carry a yield or interest payments.  The City is borrowing money that cannot be paid back unless they increase taxes.  Is that what we want?  A train to nowhere from nowhere that cannot pay for itself.  Don't purchase these bonds.  If your brokerage firm is selling these bonds... change firms.  Illinois, Bakersfield, Puerto Rico all are looking at bankruptcy.  NO.  Say NO to these politicians, lobbyist, unions and builders.