Joe Biden

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

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

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

Public finance groups hope that the Biden administration will show the same support for tax-exempt bonds that House Democrats do.

America simply cannot compete globally, especially with China, without an infrastructure-driven advanced manufacturing and inventive base.

Recent one-time funds from the American Rescue Plan Act and higher-than-projected revenues for many states are in many cases being put into infrastructure.

The current prohibition against tax-exempt advance refunding was used as a minor pay-for in the GOP’s Tax Cuts and Jobs Act that cut personal and corporate tax rates.

Municipal bond provisions were not mentioned, but stakeholders expect those details to be hashed out in what is likely to be a protracted battle in Congress.

The bill comes days before the Biden administration will reveal its infrastructure plan. Sources have said municipal bond provisions are likely to be included in an infrastructure package.

Lt. Gov. Dan McKee succeeds her on a day state voters approved seven bond measures totaling $400 million.