Election 2024
Municipal finance professionals are preparing for an important election in November, on which hinge key questions for the community. Where is tax policy headed? Who will set the tone on regulation and enforcement? Will infrastructure investment be a major priority?
The Bond Buyer will be following developments closely in the months ahead, to make sure muni market participants have the information they need about the future of their work.
What public finance professionals think about the election
According to exclusive research from The Bond Buyer, 56% of municipal finance professionals said high interest rates should be an urgent priority for the next administration and Congress. Political preference among those surveyed broke 44%-33% in favor of Democrats, with 5% saying they planned to vote Libertarian and another 18% answering that they were either undecided or preferred not to say.
Lawmakers could take a scalpel to certain bonds and sectors to penalize issuers for unrelated policies, like school vouchers or campus protests.
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Vivian Altman, Head of Public Finance at Janney, sits down with Bond Buyer Executive Editor Lynne Funk to discuss the state of the muni market, how the new-issue market is faring and where risks and opportunities exist in the space.
Barclays' Mikhail Foux talks shifting demand, BABs refundings, election effects and what it means for the asset class in a volatile market.
Committee Chair Sherrod Brown is facing a tough election.
The estimated $100 million raised annually from the 0.5% tax increase on the Nov. 5 ballot could be used to back bonds for affordable housing.
Lawmakers could take a scalpel to certain bonds and sectors to penalize issuers for unrelated policies, like school vouchers or campus protests.
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The measure would have requested $20 billion of bond authority from voters in nine San Francisco-area counties; backers said they would try in a later year.
August 19
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Municipal bond market participants say a proposed constitutional amendment targeting property tax revenue would increase borrowing costs and lead to litigation.
August 13
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Tim Walz will be joining Kamala Harris on the Democratic ticket, bringing issues such as infrastructure investment, the child tax credit and his work in public schools front and center.
August 6
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Issuers and development advocates urged lawmakers to include advance refunding, the expansion of opportunity zones, and other muni prorities in any upcoming tax package.
July 30
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Revenue from the sales tax could be used to issue long-term debt to reduce the extensive backlog of city projects.
July 24
