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Council endorses preservation of federal tax exemption for municipal bonds after GFOA presentation
Summary
The Common Council unanimously adopted a resolution declaring support for preserving the federal tax exemption for municipal bond interest following a public comment from the Government Finance Officers Association highlighting the exemption—s role in local infrastructure financing.
The Common Council unanimously adopted a resolution declaring support for preserving the federal tax exemption for municipal bond interest after a public comment presentation from the Government Finance Officers Association (GFOA).
Why it matters: The municipal-bond tax exemption supports local capital financing for infrastructure, schools, water systems and affordable housing.…
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