Scott Sowers

Muni advocates are stepping up pressure on Congress to take the elimination of municipal bond tax exemption off the menu by exploring alternatives and providing numbers showing how short term gains will become long term losses.

Moody's Ratings has placed Washington D.C.'s credit rating on review for a possible downgrade for all debt classes due to the Trump administration's cuts to the federal workforce.

Maryland lawmakers proposed a new tax on business-to-business transactions to close a $3 billion budget gap amid the firing of thousands of federal employees.

The U.S. Department of Transportation is signaling a change in infrastructure emphasis by pressing the District of Columbia to address safety issues on the city's streets while also pushing Amtrak and WMATA to boost security and curtail fare evasion.

The House Committee on Transportation and Infrastructure is in the early stages of hammering out a surface transportation bill designed to prop up the Highway Trust Fund while House Ways and Means tinkers with a tax deal.

The IRS has issued a preliminary determination that educational and general revenue bonds issued in 2018 by the University of Rhode Island are taxable due to alleged noncompliance with requirements of Section 149(g).

Glenn Lee is warning the city government of a $21.6 million drop in year-to -date collections and a grim financial forecast of years to come due to falling employment levels.

Lobbying efforts to keep the muni tax exemption in place is boiling down to convincing select members of the House Ways and Means Committee about the value of munis in financing local infrastructure projects.

The House moves the ball forward in the budget battle with an approved plan as public finance leaders lay out the strategy for saving the tax-exempt status of municipal bonds which provides a tempting target for lawmakers searching for ways to pay for promised tax cuts.

Bond lawyers want to make sure their voices are heard as Congress moves toward critical votes on tax policy.