New York State localities' unreserved fund balances are less than half recommended levels, the Office of the New York State Comptroller has reported.
New York Fund Balances Are Less than Half Recommended Levels
JAN 7, 2013 4:16pm ET
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"One of these things does not belong" is a catchy slogan and it comes to mind when looking at the latest tax policy ideas coming from Washington when looking at the municipal bond tax exemption. The exemption is not a result of the growth of a tax code designed to induce or reduce certain behaviors. Rather, it is the foundation for the flow of capital in a $3.7 trillion dollar market required to efficiently finance the nation's infrastructure.
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