A charge imposed against properties in a designated district in respect of special benefits received by those properties from the construction of nearby or adjacent public improvements, separate and apart from the general benefit accruing to the public at large. State statutes provide for the apportionment of Special Assessments according to the value of the benefit received. Special Assessments are not Taxes.
Tax-based revenue bonds that are secured by revenues derived from one or more designated taxes levied for a specific purpose, including income taxes, excise taxes (such as taxes on tobacco, alcoholic beverages, fuel, etc.), special assessments, hotel occupancy taxes, sales taxes and limited ad valorem taxes.
Bonds which come due on a single maturity date but which may be subject to mandatory sinking fund redemption.
