The impending release of new data by the University of Chicago’s Center for Municipal Finance marks a pivotal moment for the municipal bond landscape. As Congress deliberates the nuances of tax policy amid rising budgetary concerns, these data-driven insights are poised to be instrumental for advocates defending the critical tax-exempt status of municipal bonds. This
Politics
In the wake of the catastrophic wildfires that have swept through the Los Angeles area, California has swiftly established a dedicated loan fund aimed at supporting health facilities severely impacted by these natural disasters. Treasurer Fiona Ma has announced the creation of a $2 million fund, the 2025 Emergency Wildfire Help Loan Program, which will
The recent maneuver by the Trump administration to temporarily suspend the flow of federal funds sent shockwaves through various sectors, prompting swift legal action from concerned nonprofit organizations and state governments. This article will delve into the implications of this directive, the ensuing legal battles, and the responses from both governmental entities and stakeholders at
In recent days, the political landscape in Washington has been rocked by a turbulent saga surrounding the federal funding freeze directive issued by the Office of Management and Budget (OMB). This controversial move incited significant backlash and confusion, prompting diverse reactions from state leaders, judicial authorities, and Congressional representatives. The White House’s initial decision to
On Tuesday, Texas lawmakers took a significant step towards implementing a universal school voucher program, encapsulated in Senate Bill 2. The bill emerged from the Senate Education Committee after a lengthy period of public testimony, revealing a divided opinion on the initiative. Proponents argue that the program could enhance educational choices for families, while opponents
The recent memorandum issued by the White House has created a stir among various sectors reliant on federal funding. On a chaotic Monday night, the Office of Management and Budget (OMB) distributed a missive that suggested a “temporary pause” on all federal grants and loans, which was met with significant concern from local governments and
The current debates within the Republican party regarding the budget reconciliation bill are crucial to understanding the future of tax policy in the United States. With a tightly held Congressional majority, the GOP finds itself at a crossroads, facing the daunting task of extending the significant provisions of the Tax Cuts and Jobs Act (TCJA)
The Municipal Securities Rulemaking Board (MSRB) is set to convene for its second quarterly meeting of the 2025 fiscal year on January 29 and 30, 2024. In light of modern shifts in industry practices, one of the main focal points will be efforts to simplify the submission process for new issue disclosures and discussions surrounding
In a striking move just prior to the commencement of the legislative session on February 3, Governor Joe Lombardo of Nevada announced the replacement of his budget chief, Amy Stephenson, with Tiffany Greenameyer. This decision has stirred discussions among lawmakers as they prepare to tackle the contentious budget proposal from the governor. With Greenameyer stepping
The political landscape of Texas is brimming with complexities, particularly in the realm of fiscal policy as revealed by the recent budget proposals introduced by the Republican-controlled Texas House and Senate. The strategies outlined for the upcoming biennium raise significant questions about the sustainability and effectiveness of Texas’s approach to taxation and funding, especially in