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Tigard council unanimously backs resolution urging preservation of tax-exempt municipal bonds
Summary
The Tigard City Council voted unanimously to adopt Resolution 25-12, declaring support for preserving the federal tax exemption for municipal bonds that the city uses to finance infrastructure projects.
The Tigard City Council unanimously adopted Resolution 25-12 on a roll-call vote, declaring support for preserving the federal tax exemption for municipal bonds used to fund public infrastructure.
Finance and city staff framed the measure as part of a broader League of Oregon Cities effort and federal advocacy asking the city’s congressional delegation to protect tax-exempt municipal bonds. City staff said those bonds fund local projects including street improvements, water treatment and the planned police and public-works facility.
The resolution was introduced and moved for adoption during the council meeting; the city recorder conducted a roll-call vote with each member recorded in the affirmative. The meeting minutes recorded the resolution as passed unanimously.
The council described the resolution as a letter of concern to be sent to federal representatives; no binding fiscal action or appropriation was associated with the item. Council discussion noted that without tax-exempt financing, borrowing costs for infrastructure would rise and could increase pressure on local taxes and fees.
Action details: Resolution number 25-12, titled “A resolution declaring support for the preservation of the federal tax exemption of municipal bonds,” was adopted unanimously by roll call.
No additional policy changes or appropriations were approved as part of this item.
