Tuesday, July 19, 2016

Kiedrowski quoted in Star Tribune

Local governments cry foul over feds' move to limit tax-free municipal bonds. Jay Kiedrowski (MPA '73), a senior fellow at the Humphrey, is quoted. "There have been many critics of states and cities who say that tax-exempt debt has been overused as an economic development tool," Kiedrowski said. "Tax-exempt debt makes sense for streets, water projects, sewers, parks, schools. But when tax-exempt debt is used for economic development, it's always been fuzzy as to where that line should be drawn to prevent bad projects vs. good projects."

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