Tax reform

Sixty percent of counties identified in the report are located in 20 states outside the areas in New York, New Jersey and California where the $10,000 cap has raised the strongest political objections.

April was a pretty good month for the municipal bond market following the 30% drop in first quarter issuance, said a market expert.

Just a few months after the implementation of new tax legislation, the municipal market has a different look and feel to it. Sean Carney, managing director and head of municipal strategy at BlackRock, discusses what impact the new tax laws have already had on munis, and what other ripple effects the market could see down the road. Hosted by Aaron Weitzman.

The university plans to price $118 million of new money and refunding bonds this week, and to close the refunding deal in September.

Muni issuance will pick up next year, said George Friedlander, managing partner of Court Street Research Group.

The proposed legislation formally allows certain but not all taxpayers to have access to their IRS audit case file prior to dispute resolution hearings, ending the requirement to file a request under the Freedom of Information Act.

The Legislature's budget failed to provide debt service on some bonds, decimated reserves, and lacked full funding for core services, Gov. Matt Bevin said.

Employers in New York also are allowed to implement a 5% payroll tax as a way of paying some of their employees’ state income taxes.

It's important and constructive to talk about these kinds of alternatives to advance refundings, market participants said.

Kentucky lawmakers approved a $22 billion biennial budget bolstered by cuts for most state agencies, transfers and new revenue.

Bond Dealers of America urges the House Ways and Means Committee to take up and pass a bill that would restore advance refunding bonds according to prior law.

Gerrard Bushell, CEO and president of the Dormitory Authority of the State of New York, brings us up to speed on how new federal tax changes are impacting one of the nation’s largest municipal bond issuers. Andrew Coen hosts.

Congress' deficit-raising actions have made it more likely that munis would be targeted for cuts to raise revenues in infrastructure or other future bond-related legislation.

With the deep cut in the corporate tax rate and rising interest rate, banks are rethinking their investments in municipal securities.

After back to back weeks of decent issuance, the primary muni market will get with a reality check of weekly issuance below $3 billion, thanks mostly to continued tax reform fallout.

Declining volume and demand shifts won't stop the muni market from delivering positive returns in 2018, says Oppenheimer & Co.'s Jeffrey Lipton.

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.

The $1 trillion infrastructure plan unveiled by Senate Democrats would be paid for by a rollback of some of the recently enacted Republican tax law provisions.

As the New York City Council held its first hearing on Mayor de Blasio’s $88.67 billion preliminary budget, "Washington" and "Albany" loomed over the proceedings.

The 29% tax exposure rate is up for a readjustment because the new tax bill slashed the corporate tax rate to 21% from 35% and also lowered individual tax rates.