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Gov. Phil Murphy’s administration says the revenue shortfall is driven largely by federal tax law changes the GOP passed in 2017.
February 19 -
SALT deduction limitations have heightened sensitivity to the property tax, an issue both complicated and visceral. Paul Burton and John Hallacy host.
January 8 -
Emily Brock, director of GFOA’s federal liaison center, said restoration of advance refundings and increasing the limit on bank qualified debt to $30 million also are among the legislative priorities for 2019.
January 7 -
Municipal issuance fell by 24% to $338 billion for 2018 as changes in U.S. tax law crushed the market.
December 31 -
Rep. Richard Neal, D-Mass., has pledged to ask mayors, governors and other municipal market advocates to testify at hearings early in 2019.
December 28 -
The tax fix is being lost in the rush by Congress to enact a temporary spending measure to keep the government operating through Feb. 8.
December 19 -
The survey of securities firms showed pressures caused by unfunded pension obligations is expected to be the biggest issue for the muni market next year.
December 18 -
Federal Reserve data show the effects of a new tax code that makes muni ownership less appealing for banks.
December 10 -
Municipal bond volume fell by almost half in November, underscoring the impact of the tax law.
November 30 -
The split in our government may enhance chances of infrastructure legislation, dash hopes for Tax Cut 2.0, and leave the muni tax exemption at risk.
November 8John Hallacy Consulting LLC