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Hebron Council hears first reading backing preservation of municipal bond federal tax exemption
Summary
On first reading, Mayor Mockus introduced a resolution expressing support for preserving the federal tax exemption for municipal bonds; Chief Fiscal Officer Deborah Morgan warned that losing the exemption could reduce issuers and raise borrowing costs.
Mayor Valerie Mockus introduced Resolution 25‑02 on Feb. 26, stating the Ohio Municipal League had notified the Village that the federal tax exemption for municipal bonds is under debate, and that the resolution expresses Hebron’s support for preserving that exemption.
Chief Fiscal Officer Deborah Morgan told Council the Village currently holds two bonds and warned that if the federal exemption were removed it could reduce the number of bond issuers and push interest rates higher.
The measure was presented as a first reading and no formal Council vote on the resolution is recorded in the minutes for this meeting. The resolution is intended as a formal expression of the Village’s position and may be considered on a future agenda.
