Last night, Rep. Terri Sewell (D-AL) introduced the “Local Infrastructure Financing Tools (LIFT) Act“ with support of the BDA, MBFA and the Public Finance Network.The legislation is a sweeping muni focused package that would restore tax-exempt advance refundings, raise the bank qualified limit, and create a new taxable direct pay infrastructure bond. The press release featuring a…
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Today, the Municipal Bonds for America Council (MBFA) submitted testimony following the House Ways and Means Subcommittee on Select Revenue Measures March 11th hearing titled, “Tax Tools to Help Local Governments.” The MBFA testimony can be viewed here. While the hearing covered a multitude of other tax issues, the majority of the discussion focused on municipal…
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https://www.bloomberg.com/news/articles/2020-12-16/buttigieg-pick-shows-focus-on-infrastructure-despite-hurdles
https://www.wsj.com/articles/infrastructure-investment-binge-is-set-to-continuewith-or-without-washington-11608287402
Transportation Secretary Pick Buttigieg Understands the Municipal Market
Biden Administration Intends to Pass Robust Bi-Partisan Infrastructure and Public Works Package
With the pending change of Administration in early 2021, infrastructure has once again taken center stage for potential major legislative action. The Biden Administration has made its intention clear on passing a robust bi-partisan infrastructure and public works package as part of the ongoing stimulus intervention of the economic crisis caused by the COVID-19 pandemic.…
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