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Council urges Michigan delegation to preserve tax-exempt municipal bonds, warns of higher local costs
3269753 · May 6, 2025
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Summary
City staff said making municipal bonds taxable would raise borrowing costs and force project scope reductions or higher taxpayer burdens; council approved a resolution urging Michigan's congressional delegation to maintain tax-exempt status for municipal bonds.
City staff warned the Committee of the Whole on May 5 that a change in federal tax treatment of municipal bonds would increase borrowing costs for Lansing and could require reduced project scope, additional borrowing or higher costs passed to taxpayers.
Jake, a city budget staff member, told council the…
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