Refunding bonds

The Trump plan proposes only a 20% federal share, leaving local governments to come up with 80% of their own money or in partnership with the state and private investors.

Issuers across the Southeast sold $68.5 billion of bonds in 2017, a 5.8% year-over-year decrease.

John Cross, the Treasury Department's associate tax legislative counsel, said the existing tax rules are clear on advance refundings of taxable debt.

Shorter calls and a shift in the use of floating rate paper are part of Wisconsin's toolkit after tax reform.

Treasury Department sales of state and local government series securities are expected to dramatically decline this month now that issuers no longer need them for tax-exempt advance refunding escrows.

The Government Finance Officers Association's federal liaison center is warning some members against using interest rate swaps and derivatives.

With fewer incentives to buy tax-exempt debt under the new tax law, Texas municipal bond industry leaders confront a changing market.

Historically, the vast majority of state and local government series securities were purchased for advanced refunding escrows until tax-exempt advance refundings were banned after 2017.

Chicago’s Sales Tax Securitization Corp. bonds cleared the market after a one-week delay.

First Deputy Mayor Dean Fuleihan put the price tag at $425 million over four years.