Tax

Portfolio managers seem more sanguine about threats to the tax exemption from Congress.

The rising costs of federal debt, an impending budget showdown, and Congressional turmoil is highlighting the complex relationship between Treasury securities and municipal bonds.

The study comes as the city faces a growing structural budget deficit and shrinking reserves that led to negative bond rating outlooks.

The deeper the proposed cuts, the more the municipal market fears for the fate of tax-exempt bonds.

The tax exemption has been in place for more than 110 years, but Republicans say its removal is vital for prolonging many parts of the Tax Cuts and Jobs Act.

Audit activity in the municipal market ebbs and flows with the IRS budget.

Texas Sen. John Cornyn remains a supporter of private activity bonds, his staff told BDA.

Both houses of the Virginia state government have advanced budget bills that include rebates to taxpayers from surpluses fattened by federal funding and robust tax collections, a trend that concerns policy experts.

A recent Texas Supreme Court decision will force the city to increase the amount of property tax revenue allocated to a dedicated drainage and street fund.

Connecticut's governor proposed a new public finance tool as part of a broad plan to improve the state's resiliency against extreme weather and climate change.