The Growing Threat to Municipal Bonds
Reps. Randy Hultgren (R-Ill.) and Dutch Ruppersberger (D-Md.), the co-chairman of the Municipal Finance Caucus, discuss the negative impacts that capping or eliminating the municipal interest exemption would have nationally on efforts to improve infrastructure
Federal Judge Dismisses Lawsuit over Bonds for All Aboard Florida's Brightline
A Federal judge ruled that the lawsuits filed by Martin and Indian River counties challenging All Aboard Florida's plan to sell tax-exempt bonds were moot because the US DOT has withdrawn its 2014 approval granting Brightline permission to sell up to $1.75 billion in bonds to pay for the rail project.
County Approves Financing for Wichita Downtown Development Project
Sedgwick County commissioners have voted to approve a TIF district by Wichita, KS. The project will include a multi-use pathway for the neighborhood and the renovation or reconstruction of Lawrence-Dumont Stadium as a multi use stadium for other sports, concerts and special events.
Joplin Recovery TIF Could Be Paid off Early
The Joplin, Mo., Recovery Tax Increment Financing District that covers the disaster zone and downtown could be paid off in four to five years, as much as 13 years early at its current rate of growth, the Joplin City Council was told Monday night.
Arbitrage Compliance Guide for Issuers
This publication is a basic guide to the yield restriction and rebate requirements from the IRS. Understanding the arbitrage requirements can help issuers and conduit borrowers comply with their obligations and prevent violations of the arbitrage requirements.
Infrastructure Comes after Taxes and Healthcare, Chao Says
The Trump administration's infrastructure push will take a backseat to tax reform and healthcare, said Transportation Secretary Elaine Chao.
Allentown Developer Can Use Bonds to Refinance $250M in NIZ Debt
Allentown Neighborhood Improvement Zone Development Authority has approved the refinancing of upto $250 million in bonds for a developer. Toby Rittner, president & CEO of CDFA, commended the NIZ-fueled development downtown, but was skeptical that tax-exempt financing could be used for the next project.
Reinvestment Fund Issues $50M in Impact Investment Bonds
Reinvestment Fund, an S&P AA rated CDFI, announced the pricing of $50 million in general obligation bonds. Proceeds from the Impact Investment bonds will support small businesses, grocery stores, and childcare centers in struggling communities, helping to bring much needed jobs and boost local economic growth.
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