Research Report Buy and Hold (on Tight): The Recent Muni Bond Rollercoaster and What It Means for Cities
Tracy Gordon
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The often overlooked municipal debt market has attracted considerable attention lately amid predictions of widespread local government defaults and changes to the federal tax exemption for municipal bonds. This paper explains essential features of muni bonds and assesses recent policy and market developments. It concludes by offering guidelines for local decision makers regardless of how outstanding questions are ultimately resolved.
Research Areas Neighborhoods, cities, and metros Taxes and budgets State and local finance
Tags Infrastructure State and local tax issues Federal budget and economy Community and economic development
Policy Centers Urban-Brookings Tax Policy Center