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Illinois headed into the new fiscal year with healthier metrics on multiple fronts but its last audit illustrates the long-term drag posed by the state's retirement burden.
July 5 -
Audit times for municipal bond issuers are on the rise, with the median reaching 164 days in 2020 compared with 147 in 2009.
May 3 -
The audit was brought on by the Internal Revenue Service in September 2021 in connection with Series 2013B bonds.
April 20 -
New York State Comptroller Thomas DiNapoli's audit chided the agency for not fully evaluating economic development initatives.
October 19 -
Two issuers, the San Diego County Regional Airport Authority and the Village of Franklin Park, Illinois, have disclosed in the past week that they’re under audit by the Internal Revenue Service.
October 18 -
Tax-exempt bonds are a very different area of the law.
October 15 -
Another correctional facility avoids a private business use tax penalty.
October 12 -
The IRS notified the city that its audit was closed with no change to the bonds' tax-exempt status, according to an EMMA notice posted this week.
September 8 -
Illinois' tardy fiscal 2020 financial statements offer a view of COVID-19's early impact on the state's finances.
August 31 -
The N.C. Local Government Commission approved Wake County's request to finance almost $600 million for school and community college projects and the state’s plan to issue $300 million of GARVEEs for DOT work.
August 5