This week, APGA, as a part of the Public Finance Network (PFN), welcomed the new Congress and Administration, specifically the newly-confirmed Treasury Secretary, Janet Yellen. In the letter APGA and other trade associations sent to Secretary Yellen, the below shared priorities and recommendations were outlined for her consideration:
• Preserve the Tax-Exemption on Qualified Municipal Securities
• Restore the Tax-Exemption for Advance Refunding Bonds
• Support Small Issuers
• Provide Direct Fiscal Support
• Support the Office of State and Local Finance and Designate a Dedicated Municipal Bond Expert to the Tax Policy Team
APGA also offered to be a resource for municipal financing, as it relates to public natural gas utilities should the Secretary and her incoming team have questions.
A similar letter was sent to Congress and included APGA’s support with a signature. This letter did especially emphasize the importance of tax-exempt municipal bonds and encouraged members of Congress to join the Municipal Finance Caucus to support all of their good work.
To see the letter to Secretary Yellen and members of Congress,
click here.
For questions on this article, please contact Stuart Saulters of APGA staff by phone at 202-544-1334 or by email at
ssaulters@apga.org.