WASHINGTON — State and local groups are sizing up the new congressional deficit reduction committee, determined to preserve tax-exemption for municipal bonds but acknowledging that federal funds for some of their programs will likely be cut.

Officials within the tax-exempt community’s lobbying circle are working on two fronts: to defend tax-exemption for muni bonds, while maneuvering to win compromises from seemingly inevitable cuts to state Medicaid funding and other federal programs.

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