The looming threat to municipal bonds.

Smoke signals are being sent that Congress could act to cap or limit the tax benefits of tax-exemopt municipal bonds.

What would happen to cities if the benefits of tax exempt municipal bonds is removed?cities would find it far more expensive to finance capital improvements and other infrastructure

What has been financed by tax-exempt municipal bonds?

• 4million miles of roads
• 500,000 bridges
• 16,000 airports
• 900,000 miles of water pipes
• municipal bonds support more than 1.5 million civic projects

Governing | The Growing Threat to Municipal Bonds