News

Qualified School Construction Bonds and Build America Bonds Benefit States

A Bloomberg article states that "Tax-exempt bonds are an 'inefficient' way to subsidize state and local borrowing for infrastructure like roads and schools and cost the U.S. Treasury $26 billion a year, a congressional study says.  States and cities benefit more from Qualified School Construction Bonds, which provide federal tax credits, and Build America Bonds that subsidize interest costs." For the entire article, please click here.