Tax reform

Scott Bessent, a hedge fund manager and noted Trump ally, is nominated for Treasury Secretary.

Unless the state government makes changes to taxes or spending, there will be deficits of $587 million to more than $800 million starting in the next fiscal year.

Issuers and development advocates urged lawmakers to include advance refunding, the expansion of opportunity zones, and other muni prorities in any upcoming tax package.

Interest rates and federal elections hang heavy over the industry and municipal analysts believe certain muni sectors or subsectors will experience credit deterioration.

A new law creates a commission to recommend changes to address rising property tax bills and ensure the system is sustainable for local governments and school districts.

While some reliable options have emerged, market professionals remain hopeful the old advance refunding will return before the desire to bring it back loses any momentum.

California lawmakers have asked the state Supreme Court to block a ballot measure that would radically alter the state's tax structure.

Adjusting the deduction cap for state and local taxes is not included in latest proposals, though advocates for that measure remain hopeful.

The "no SALT no deal" Democrats appear ready to support the compromise reconciliation package negotiated in the Senate.

As infrastructure talks unfold in Washington, the likelihood of higher taxes may be waning, at least in the short run.