GOP Urged To Save Muni Bond Tax Waiver Amid Water Infrastructure Fears

State and water utility officials are pressing House Republicans to preserve tax exemptions for interest on municipal bonds in upcoming budget reconciliation legislation, warning that eliminating the exemption would threaten a key source of funding for drinking water and clean water infrastructure. Targeting the exemption is “no longer a fringe idea,” Jarron Brady, policy analyst at the Government Finance Officers Association (GFOA), told the Council of Infrastructure Financing Authorities’ summit on water infrastructure last month. “It is a target, and...