Washington DC

GASB has not had an academic on its board since June of last year when Professor Michael H. Granof of the University of Texas ended his second term.

The tax law proposals laid out by Treasury last week struck many muni advocates as too limited, ignoring the industry's biggest request — tax-exempt advance refundings.

The administration also wants to enhance the Low-Income Housing Tax Credit that is often used for bond-financed multifamily housing projects.

The environmental impact ruling and record of decision are a major milestone for the multibillion-dollar Gateway infrastructure project.

U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley described the proposal as “a good faith offer and a significant step in the right direction.”

The $304.5 billion highway section might pave the way for further bipartisan agreement on a wide-ranging infrastructure package.

Robert Clarke Brown has joined the Board of Directors for the remainder of the fiscal year.

California Gov. Gavin Newsom and President Biden outlined separate plans Monday to increase spending to prepare for natural disasters.

The overhauled funding stream would allow the IRS to fairly enforce the tax code, modernize its IT systems, and improve taxpayer services, according to the bill's sponsor.

The Senate highway bill proposes a national pilot program for a motor vehicle per-mile user fee.

Reinstatement of tax-exempt advance refunding bonds appears to have the broadest support because of its nearly universal impact on state and local issuers as well as nonprofits.

Bondholders tend to insist projects be well maintained, a potential advantage.

Rep. Richard Neal, D-Mass., the committee chairman, also called for reviving direct-pay Build America Bonds.

The American Infrastructure Bonds Act of 2021 would create a new series of direct-pay bonds that, unlike BABs, would be exempt from federal budget sequester cuts.

Only 1.6% of the shortfall in the federal Highway Trust Fund would be closed if the federal government begins collecting an annual fee on electric cars and light trucks.

The proposed changes are part of the MSRB's ongoing retrospective rule review.

While traditional defined-benefit pension plans remain the prevailing model, at least 19 states have hybrids.

President Biden met Wednesday with top Republican and Democratic congressional leaders to discuss a bipartisan way forward on this issue.

Treasury’s 151-page interim final rule provides broad latitude for how the money can be spent.

The White House and a bipartisan cadre of lawmakers appear committed to getting infrastructure, including top muni market lobbying goals, achieved.