Washington, D.C. -- As the nation prepares to go over the fiscal cliff, local leaders from The U.S. Conference of Mayors (USCM), The National League of Cities (NLC) and the National Association of Counties (NACo) will gather at the National Press Club (NPC) on Wednesday, February 27 to explain the impact of across-the-board sequestration cuts on local communities and decry efforts in Washington to hamstring financing for local infrastructure projects.
Mayors, county and local leaders of all three non-partisan organizations believe that a proposal to limit the tax exemption on municipal bonds is misguided and would increase the costs of borrowing for local governments, prevent many infrastructure projects such as schools, hospitals, roads and bridges and water systems from moving forward, and hurt taxpayers in every community in this country.
This briefing will be held at the NPC for reporters and Capitol Hill staffers so that mayors and local leaders can explain how municipal bonds are used broadly to maintain existing infrastructure, expand economic development and create jobs in local communities all across the country.
USCM Vice President Scott Smith, Mayor of Mesa, AZ
NACo President Chris Rodgers, Commissioner Douglas County, Neb.
NACo: Government Finance Officers Assoc. President-Elect Timothy Firestine, Chief Administrative Officer, Montgomery County, MD
NLC: Houston City Controller Ronald Green
WHAT: Local Leaders Voice Opposition to the Administration's Proposed Cap on Municipal Bond Tax Exemptions
WHEN: Wednesday, February 27th at 11:30 a.m.
WHERE: National Press Club, 529 14th Street, NW, 13th Floor - Washington, DC 20045 -- Murrow Room