Well, here's a well-timed book. The Government Finance Officers Association, which in 1984 made a splash with An Elected Official's Guide to Government Finance, has now published An Elected Official's Guide to Debt Issuance, by J.B. Kurish and Patricia Tigue.

What an excellent, excellent piece of work this is. Even my usual store of hyperbole fails me in its praise. Here, in 77 pages, is a plain-English guide to the municipal bond market in all its multifariousness. The authors follow the usual straightforward style that the GFOA has set for this series, and the book comes in a handy pocket size.

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