"We have three-quarters of public infrastructure financed on the state and local levels, and that's a huge shift and very unique in the world. The municipal market exists because that is the way the financing of our infrastructure has worked out. I think we actually have a great market."
- Marcy Edwards, June 4, 2015 The Remaking of the Municipal Market
As Gallery curator Dr. Kenneth Durr, History Associates, Inc., states in the framework essay: "Call it municipal exceptionalism: this market is different. More than corporate debt or securities, municipal bonds are a means to an end; they promote the general welfare and improve quality of life. Municipal projects may not be profitable in business terms, but they are no less essential. To the issuers, dealers, counsel, consultants and regulators, the municipal market is something to be passionate about."
The virtual museum and archive's 14th Gallery is made possible through the generous support of the Municipal Securities Rulemaking Board, in recognition of the 40th anniversary of its founding in 1975.
