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Council committee backs resolution urging preservation of tax-exempt municipal bonds
Athens City Council · February 25, 2025
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Summary
Committee members discussed a resolution urging Ohio's congressional delegation to preserve the federal tax exemption for municipal bonds, with the treasurer warning that removing the exemption would raise local borrowing costs and could increase taxes or fees.
The committee of the whole reviewed a resolution urging preservation of the federal tax exemption for municipal bonds and directing the clerk to transmit the resolution to the city’s federal representatives.
A city official reading the resolution said municipal bonds have long been a primary financing tool for…
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