Tax Alert: #BuiltByBonds
October 16, 2024
Tax legislation will be center stage in Washington DC next year as many of the 2017 Tax Cuts and Jobs Act (the “TCJA”) provisions are set to expire. The expiration of the TCJA provisions presents both opportunities and challenges for municipal market participants. Tax-exempt bonds are the primary instrument utilized to raise capital and finance a wide range of essential capital projects in the public finance sector.
Now is the time to make the case for why tax-exempt bonds and the $4 trillion municipal market are critical to providing affordable capital for our communities. The GFOA and its partners in the Public Finance Network, a collection of associations dedicated to protecting access to affordable capital for our communities, have created the #BuiltByBonds campaign. This campaign allows you to share stories about how this financing tool has allowed cities, counties, utilities, library districts, park districts, universities, hospitals, and other forms of government to build and maintain America’s infrastructure. In 2023 alone, state, local, and tribal governments issued about $380 billion worth of bonds to finance critical infrastructure that we use every day.
Share Your Story
Was your community #BuiltByBonds? Simply provide a few bits of information about a recent project in your community that was financed with municipal bonds. Your stories will have an impact and help make the case for the preservation and enhancement of tax-exempt municipal bonds.
To share your story and to view stories from other organizations, please visit: www.gfoa.org/pfn.