The Washington D.C. City Council is proposing eliminating the tax exemption on interest on out-of-state municipal bonds, a revenue raising measure that the District’s mayor opposes. Mayor Muriel Bowser remains opposed to further tax hikes and laid out her position on the bond tax exemption earlier this month.  “I do not support raising additional taxes
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Standard Digital Weekend Print + Standard Digital wasnow 69 € per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+
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Tennessee Gov. Bill Lee Tuesday signed a bill allowing local governments to issue bonds via industrial development corporations to work alongside the private sector to bolster affordable housing. The law will allow IDCs affiliated with cities and towns to sell bonds to raise the money needed to assure multi-family housing remains affordable. All municipal governments
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The average time municipal issuers take to submit their audited financials to the Municipal Securities Rulemaking Board has been steadily rising since 2018 and for 2023 has reached its highest ever recorded by the board at 209 days. “The 2024 study reveals that the average length of time audited financial statements were submitted to the
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The Supreme Courton Thursday cleared the way for a National Rifle Association lawsuit against a former New York state official over claims she violated its free-speech rights. The unanimous opinion reverses a lower court decision tossing out the gun rights groups lawsuit against ex-New York state Department of Financial Services Superintendent Maria Vullo. The Supreme
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Billionaire Nelson Peltz’s Trian Fund Management has sold its entire stake in Walt Disney after a boardroom battle with the media giant, CNBC News reported on Wednesday, citing a person familiar with the matter. The hedge fund was Disney’s fifth-biggest shareholder with a 1.77% stake as of March 31, according to LSEG data. It sold the stake at
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Standard Digital Weekend Print + Standard Digital wasnow 69 € per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+
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