Borrowing to finance infrastructure is now more expensive. Meanwhile, congressional tax writers are toying with the municipal bond tax exemption, scaring both investors and issuers. State and local debt managers have a lot to think about — and worry about.
The city wants to offer $100 million in pension obligation bonds, a move that both lowers pension debt and increases the funds’ earning power by providing more money to invest. But the sale is considered risky.
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