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While the new tax law may portend a difficult year for the municipal market, higher short-term rates and low supply should propel demand in 2018.
December 29John Hallacy Consulting LLC -
President Trump’s call for $1 trillion in federal public infrastructure investment appears to have foundered, even as the national debt has accelerated, posing increased threats to the cost of state and local financing of public infrastructure.
December 13George Mason University -
It continues to be up to issuers and other beneficiaries of municipal bonds to raise awareness of the negative effect of the proposed tax reform legislation -- but time is running out.
December 12Bracewell LLP -
First on the list is an infrastructure plan we can embrace fully – with clearly identified and unencumbered revenue streams from the Federal level.
December 11John Hallacy Consulting LLC -
By continuing to insist on their pound of flesh, bondholders will lose more.
December 7IEEFA -
The author is deeply concerned the House bill would eliminate the tax exemption for private activity bonds and that both bills would eliminate the advance refunding of municipal bonds.
December 1City of Columbia, SC -
Congress should look to municipal experts to make the case for revenue triggers as a way to allay concern that tax cuts will necessitate spending reductions.
November 30John Hallacy Consulting LLC -
A longtime bond professional explains why he’s an understanding holder of Puerto Rico general obligation debt -- and angry investor in the island’s sales tax revenue bonds.
November 29Spire Wealth Management -
As the political gears churn, issuers and borrowers should huddle with legal counsel and financial advisors to consider the possibility of worst-case scenarios in which some or all of the proposed tax reform legislation is enacted.
November 21Bracewell LLP -
While muni advocates may have an opportunity to defend private activity bonds and deductions favorable to the market, both Houses of Congress appear to be aligned on banning advance refundings.
November 17John Hallacy Consulting LLC