萝莉网

萝莉网is a board member of the , a coalition focused on advocating for a robust and reliable federal role in modernizing the nation's public school buildings and grounds. 

 

This week, BASIC sent a letter to Congress supporting the preservation of tax-free municipal bonds. 

 

BACKGROUND:  Tax-exempt bonds (municipal bonds or 鈥淏onds鈥�) are the overwhelming source of funding for public school construction and modernization in the United States. Bonds allow state and local governments, as well as eligible nonprofit school entities, to borrow at lower interest rates by offering bondholders tax-free interest income. This reduction in borrowing costs makes critical infrastructure projects, including the repair and modernization of school facilities, significantly more affordable and attainable for communities across the nation. Should Congress consider scaling back or eliminating the federal tax exemption for municipal bonds, the consequences would be devastating. School districts and taxpayers would face sharply increased borrowing costs to fund public infrastructure like school buildings, reducing their capacity to provide safe and healthy school buildings. State and local governments鈥攁lready stretched by competing budget priorities鈥攚ould be forced to delay or cancel critical projects or shift funds from other public services or鈥搈ore likely鈥搃ncrease State and local taxes to make up the difference.