Writing the Next Chapter of Municipal Finance

For nearly a century, the municipal-bond market has stood as Exhibit A of American financial-markets innovation – a deep, liquid market with a sterling credit history and a tangible track record of providing affordable financing to worthy public projects.

But as market professionals begin the countdown to the 100th anniversary of the first tax-exempt income in October, that unique tool is facing its stiffest challenge in decades. Federal lawmakers are examining every inch of the tax code in an effort to raise more revenue to close their own yawning budget deficit – with some even willing to impose taxes retroactively.

And that threat couldn’t come at a worse time, as the same tepid US economic recovery that is straining the Federal budget is also threatening the municipal market’s bedrock foundation: Strong credit quality.

Attending The Fifth Annual National Municipal Bond Summit will give you:

• "Insider" looks at the arguments over Federal tax reform and Chapter 9 bankruptcy - and actionable strategies you can use to save money for issuers and investors as those debates unfold.
• A clear-eyed assessment of the nation's infrastructure-finance needs, and the steps the industry is taking to make sure all policymakers in Washington understand the municipal market is crucial for protecting and expanding those transportation, water, and education assets.
• Plus, learn more about how regulators' plans for reforming the market could drive big changes to the way bonds are bought, sold, and priced.

Join your peers—senior public-sector issuers, investors and credit analysts, investment bankers, attorneys, and other professionals—as they discuss the serious challenges facing the market in 2013 and develop strategies for moving forward.

Contact Ingrid Olsen at (212) 803-8456 to register or for more information.

CPE Credits Offered.

We'll look forward to seeing you in Fort Lauderdale!

Sincerely,