Water Sector News
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Water, infrastructure groups show support for tax-exempt bond financing
https://waterfm.com/water-infrastructure-groups-show-support-for-tax-exempt-bond-financing/
This month, the Government Finance Officers Association spearheaded a letter to Congress noting the value of maintaining access to tax-preferred infrastructure financing options.
Water sector associations, the Association of Metropolitan Water Agencies (AMWA) and the National Association of Clean Water Agencies (NACWA), which represent utility systems, signed the letter, along with others representing underground infrastructure interests including the American Public Works Association and American Society of Civil Engineers.
The letter was directed to House and Senate leadership and explained how tax-exempt municipal bonds are the primary mechanism through which state and local governments raise capital to finance a wide range of essential public projects. The volume of municipal bond issuance for 2023 alone amounted to over $350 billion, the letter highlights.