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Executive Committee approves resolution backing tax-exempt municipal bonds, forwards to full board
Summary
The Marathon County Executive Committee voted to forward a resolution to the full County Board urging continuation of tax-exempt municipal bonding after staff outlined potential federal changes and local impacts.
The Marathon County Executive Committee voted to forward a resolution to the full County Board supporting continued availability of tax-exempt municipal bonds, after staff summarized federal budget proposals that could eliminate the exemption and increase local borrowing costs.
Committee members were told the House budget guidelines under consideration in Washington include proposals that could end tax-exempt municipal bonds and raise federal revenue. A presenter told the committee that if the exemption were eliminated it could raise federal receipts but…
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