Cities and counties fear the possible effects of sequestration on...
Cities and counties fear the possible effects of sequestration on the tax exempt status of municipal bonds and infrastructure investments, said the U.S. Conference of Mayors, the National League of Cities and the National Association of Counties in a joint…
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media advisory (http://bit.ly/X98xR7). “Mayors, county and local leaders of all three non-partisan organizations believe that a proposal to limit the tax exemption on municipal bonds is misguided and would increase the costs of borrowing for local governments, prevent many infrastructure projects,” the groups said. These projects have included telecom networks and investment in some communities. Officials will gather at the National Press Club in Washington Wednesday at 11:30 a.m. to brief reporters and Hill staffers on the issues.