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House members, government officials, and stakeholders all say the newest version of a bill to help Puerto Rico is a step forward, but their support for the measure seems tepid at best.
May 19 - Washington
A House committee has passed legislation that would block the District of Columbia from having budget autonomy and the ability to spend its local tax dollars without congressional approval.
May 18 -
Both 10-year transportation funding plans proposed by Minnesota Gov. Mark Dayton include $2 billion of road bonds.
May 17 -
Despite House Republican threats of criminal prosecution, the District of Columbia Council will hold the first of two votes Tuesday that would give the district budget autonomy and the ability to spend its local tax and fee revenues without annual congressional appropriation.
May 16 -
Merrill Lynch, Pierce, Fenner & Smith, a subsidiary of Bank of America, was ordered to pay $422,708 in fines and restitution by the Financial Industry Regulatory Authority for charging customers excessive markups and markdowns on municipal securities.
May 16 -
Minnesota Gov. Mark Dayton will propose a compromise transportation funding bill to resolve a legislative deadlock.
May 16 -
The next president and new Congress have an opportunity to reverse the ongoing decline in the nation's aging infrastructure.
May 16 -
Facing new federal constraints on tax-exempt debt for projects with a private revenue stream, El Paso County, Texas, refunded tax-exempts with taxable bonds and still achieved interest rate savings.
May 13 -
The Indianapolis Airport Authority said this week that it has agreed to settle a dispute with the Internal Revenue Service over rebate liability in connection with $347 million of tax-exempt bonds, even though it disagrees with the IRS' position on the bonds.
May 11 -
A California authority and a high school district said this week that they are prepared to file a protest and appeal of an expected Internal Revenue Service proposed adverse determination that $25.4 million of tax-exempt variable rate demand bonds are taxable.
May 10