March 13, 2017.Indd
6,250 subscribers www.TML1.org Volume 68, Number 4 March 13, 2017 State, local leaders defend Key legislators to address city officials at tax exempt “muni bonds” TML Conference March 20-21 in Nashville City officials will hear from as Trump, U.S. Congress top lawmakers during TML’s Legislative Conference, slated for March 20-21 in Nashville. talk infrastructure plan Among those scheduled to speak are: Senate Majority Lead- BY ELAINE S. POVICH our taxing policy that has been in er Mark Norris; House Majority Stateline existence since 1913.” Leader Glen Casada; Sen. Ken But some Republicans on Cap- Yager, chairman of the Senate State Structures built with municipal itol Hill want to end the tax-exempt and Local Government Commit- bonds stand out in Columbia, Ohio. status of muni bonds as part of tee; Rep. Tim Wirgau, chairman There is the Columbia Metropolitan broader changes to the federal tax of the House Local Government Convention Center, and new park- Mark Norris Glen Casada code. That has many state and local Committee; Sen. Bo Watson, chair- ing garages for a revitalized restau- Senate Majority Leader House Majority Leader officials worried. man of the Senate Finance Com- rant and apartment district. Sleek, A city’s ability to borrow de- mittee; and Rep. Charles Sargent, futuristic water towers loom on pends on investors’ willingness to chairman of the House Finance the edge of town and new modern lend it money by purchasing bonds. Committee. pumps hum at the water plant where And the tax-exempt status of muni Gov. Bill Haslam, and Lt.
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