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."View the full story here. Connect with Jay here.
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