- Washington
Government Finance Officers Association officials said it makes sense that draft standards on other post-employment benefit financial reporting are similar to the new standards for pension reporting.
By Naomi JagodaNovember 7 -
Republicans won enough races in Tuesday's midterm elections to gain control of the Senate - the first time they've controlled both chambers in eight years. At least two Senators who have sponsored bills relating to bonds and state and local finance during the last two years lost their reelection bids.
By Naomi JagodaNovember 5 -
Lower income households benefit more from tax-exempt debt than shown by traditional analyses, researchers at the Urban Institute found.
By Naomi JagodaNovember 4 -
The Independent School District No. 832 in Minnesota is issuing bonds to refund Build America Bonds, and the City of Grand Forks, N.D. has started a process that may lead it to do the same.
By Naomi JagodaNovember 3 -
Most states are likely to have more new capacity to issue private-activity bonds in 2015 than they did this year, after the Internal Revenue Service raised the minimum state volume and maintained this year's per capita rate.
By Naomi JagodaOctober 31 -
Business tax professionals expect tax reform in the next several years, with 2017 being the most likely year for enactment, the latest Tax Reform Business Barometer from The Tax Council and Ernst & Young LLP found.
By Naomi JagodaOctober 30 -
Absent policy and legislative changes, mandatory social spending will pressure the U.S. government's fiscal profile and credit standing toward the end of the decade, Moody's Investors Service said in a report released Wednesday.
By Naomi JagodaOctober 29 -
The internal Revenue Service is conducting a targeted audit of Philadelphia's series 2010A water and wastewater revenue refunding bonds, $396.46 million of which were issued.
By Naomi JagodaOctober 28 -
The Internal Revenue Service has released interim guidance on how management contracts and certain accountable care organizations can be structured to avoid excessive private use that would jeopardize the tax-exempt status of bonds.
By Naomi JagodaOctober 27 -
At least two issuers recently redeemed or said they are planning to redeem bonds issued to finance detention facilities because of private use. One redemption was required under a settlement between the issuer and the Internal Revenue Service and the other was triggered by provisions in the offering document.
By Naomi JagodaOctober 24