Lobbying for flexibility in tax-exempt financing: GFOA and the Public Finance Network are working to introduce a bill in Congress that will ease some of the restrictions on the use of tax-exempt municipal bonds.

Government Finance Review › Vol. 19 Nbr. 5, October 2003

Author: Gaffney, Susan

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Summary

Federal Focus

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Lobbying for flexibility in tax-exempt financing: GFOA and the Public Finance Network are working to introduce a bill in Congress that will ease some of the restrictions on the use of tax-exempt municipal bonds.

The Center for Budget and Policy Priorities recently projected the nation's 10-year budget deficit, beginning in 2004, to be near $5.1 trillion. (1) This estimate includes a Medicare prescription drug benefit, the cost of the war in Iraq, making permanent the 2001 and 2003 tax cuts, and alternative minimum tax relief. The Congressional Budget Office, which now estimates the 10-yea...

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