Anne Jordan was a contributing editor to GOVERNING.
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Removing Their Cap
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Earlier this month, Stephen Howard, a senior vice president at Lehman Bros., told Congress it should lift the cap on tax-exempt private activity bonds as a way of helping communities finance costly water and sewer upgrades. The feds made a similar exemption in the 1980s to enable the construction of much-needed solid waste disposal facilities. Clearly, Howard's firm has something to gain by passage of H.R. 1708. What do state and local officials think about this approach?
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Written and compiled by staff writers and editors, GOVERNING View is an on-the-ground, and sometimes behind-the-scenes, look at the topics we're covering in print and online. From notes on what's up in statehouses, county courthouses and city halls, to encounters with people, places and things, GOVERNING View is a window into the side of state and local government you don't always see.
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