Buttigieg Boosts Hopes For Tax-Exempt Refunding Bonds

By David van den Berg (February 10, 2021, 8:23 PM EST) -- Lawmakers, bond lawyers and other proponents of tax-exempt advance refunding bonds are hopeful Congress will reinstate the instruments, bolstered by comments made by recently confirmed Transportation Secretary Pete Buttigieg.

Transportation Secretary Pete Buttigieg has said reinstating tax-exempt advance refunding bonds holds promise as a source of relief for local governments. Above, he spoke Friday at Union Station in Washington, D.C. (AP Photo/Carolyn Kaster) Reinstating tax-exempt advance refunding bonds, which were repealed under the 2017 tax overhaul, could provide state and local governments with an important source of savings they could use for a variety of projects. Some lawmakers have said restoring tax-exempt...

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