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Village Center CDD Disagrees With IRS
The Village Center Community Development District in Florida said Monday that it disagrees with two Internal Revenue Service notices that asserted that the district's bonds are taxable.
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Congress is not likely to pass a long-term transportation funding bill or tax reform legislation of any kind until 2017, after the presidential election, lobbyists said at the National Municipal Bond Summit earlier this week.  more »
Municipal issuers’ disclosures of financial and operating data have increased dramatically, while disclosures of bank loans have been disappointing, Municipal Securities Rulemaking Board executive director Lynnette Kelly said at a conference.  more »
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The Municipal Securities Rulemaking Board is likely to propose requiring alternative trading systems to report quotation information on municipal securities to it in the future, industry officials said after listening to speakers on a federal regulatory update panel at a conference here on Monday afternoon.  more »
Recent trends in the public pension arena "are not all gloom and doom," as most cities' pension funding ratios appear to have stabilized since the low point in 2010, Merritt Research Services said in a recent report.  more »

The dialogue over tax reform provides an opening for state and local governments to educate members of Congress and their staff about municipal bonds, how they work and what they do.

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