Three state treasurers are meeting with policymakers and White House officials this week to tell them that curtailing or eliminating tax exemption is not an abstract issue and would have significant adverse impacts for state and local governments.

National Association of State Treasurers’ president and Virginia Treasurer Manju Ganeriwala, Maryland State Treasurer Nancy Kopp and Tennessee State Treasurer David Lillard, secretary-treasurer and chair of the State Debt Network have, a simple message: cash-strapped states and municipalities will have fewer infrastructure projects and higher borrowing costs that will be passed onto taxpayers if tax exemption is restricted.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.