Tax

As the Baby Boom generation retires, economic growth may slow and fiscal deficits could grow, complicating monetary policy, Federal Reserve Bank of Kansas City President Esther George said late Thursday.

NABL details at least seven alternatives for outstanding bonds as well as five ways that new bond transactions can be structured.

Some bond lawyers don't see a replacement for tax credit bonds, which were banned after last year by the new tax law.

There was no consensus on prospects for a federal infrastructure plan at Wednesday's Bond Buyer event.

Municipal bond volume evaporated in January, as the market felt the aftereffect of federal tax legislation that pulled issuance forward into 2017.

It will take some time to see how both tax reform and infrastructure makes an impression on the muni market, said panelists at The Bond Buyer's National Outlook 2018 Conference.

S&P Global Ratings is alerting municipal market investors that an expected increase in property tax challenges by big box retailers could put stress on municipal finances.

The $10,000 limit on deductions for state and local taxes could pose a long-term threat to Connecticut, New Jersey and New York, according to credit analysts.

The governor wants to neutralize the effects of the new law to make it revenue-neutral for the state government.

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