Naomi Jagoda

States are hard-pressed to meet spending needs in key areas like education, health care and infrastructure, as budgets and finances have been slow to recover from the Great Recession, a report issued Tuesday found.

Rep. Richard Neal, D-Mass., said he would like to see a revival of the Build America Bond program included in a long-term highway bill.

The Long Beach Community College District in California has paid the Internal Revenue Service about $1.01 million to settle tax issues concerning its $48.37 million general obligation bond issue from 2008.

Rep. Richard Neal and Sen. Edward Markey, both Massachusetts Democrats, introduced identical bills Thursday that would permanently revive the Build America Bond program with lower subsidy rates and prevent issuers from being hurt by sequestration.

As Mayor of Corning, N.Y., Tom Reed saw how capital could be raised for road, water and sewer improvements through the issuance of tax-exempt bonds.

The Governmental Accounting Standards Board on Tuesday approved two statements that provide new accounting and financial reporting standards for other post-employment benefits.

A long-term transportation bill offered by the Senate Finance Committee would be likely to include some new type of private-activity bond, a Government Finance Officers Association official said here.

An advisory committee’s tax-exempt bond panel will present a report to the Internal Revenue Service next month on balancing limited resources with needs, the IRS announced Wednesday.

A U.S. Supreme Court ruling that found fault with Maryland's personal income tax collection scheme will cost localities in the state millions of dollars but may not impact their credit ratings, analysts and government officials said.

Leaders of the Senate Finance Committee have given their tax-reform working groups more time to do their work.

The Internal Revenue Service had raised concerns about certificates of participation sold in 2003 to finance student housing at Western Carolina University, but ultimately closed the audit with no change to the COPs’ tax exemption.

Three Minnesota cities disclosed this month that they can redeem Build America Bonds because their federal subsidy payments have been reduced due to sequestration.

Allyson Belsome is returning next week to her position as senior manager for field operations in the Internal Revenue Service's tax exempt bond office, according to the IRS.

The National Council of State Housing Agencies is urging the Treasury Department and the Internal Revenue Service to include several items on its 2015-2016 priority guidance plan that would help state agencies effectively administer housing bond programs.

The internal Revenue Service’s tax exempt bond office will hold a webinar on qualified school construction bonds next month.

The Internal Revenue Service has closed audits with no changes to $1.38 billion of Build America Bonds issued by the New Jersey Turnpike Authority in 2009 and bonds from a $26.56 million mortgage revenue and refunding issue sold by Lakeland, Fla. in 2008.

An issuer’s fare revenues for bus service along privately operated highway lanes would not cause bonds to be used to finance the lanes to be private-activity bonds, the Internal Revenue Service ruled.

The tax-exempt financing committee of the American Bar Association's taxation section is working on a paper that will identify for tax regulators modifications to tax rules that could facilitate public-private partnerships.

The Internal Revenue Service is auditing general obligation refunding bonds issued in 2006 by the Clark County School District in Nevada.

The authors of a new paper from The Hamilton Project at Brookings propose four short-term and three long-term ways to address the need for infrastructure investment in the United States, including a revival of the Build America Bond program.