9.B.
City Council Meeting - FINAL
- Meeting Date:
- 04/01/2025
- From:
- Sarah Langley, Public Affairs Director
TITLE:
Consideration and Approval of Letter of Support: Tax-Exempt Municipal Bonds
STAFF RECOMMENDED ACTION:
Retroactively approve the letter of support.
Executive Summary:
City staff received a request to voice the City’s support for tax-exempt municipal bonds after receiving information indicating that this type of tool may be a target for restriction or repeal in order to pay for other tax incentive priorities. This request falls within the City’s legislative priorities, as tax-exempt municipal bonds allow the City to provide important services like infrastructure and housing, which are explicitly listed in the City's priorities.
Due ot the quick-moving nature of this topic, City staff sent the attached letter on March 7, 2025 to the Speaker and Senate Majority Leader, House Ways and Means Chairman Smith, Senate Finance Chairman Crapo and the entire Arizona congressional delegation.
Due ot the quick-moving nature of this topic, City staff sent the attached letter on March 7, 2025 to the Speaker and Senate Majority Leader, House Ways and Means Chairman Smith, Senate Finance Chairman Crapo and the entire Arizona congressional delegation.
Financial Impact:
N/A
Policy Impact:
N/A
Previous Council Decision or Community Discussion:
N/A
Options and Alternatives to Recommended Action:
N/A
Background and History:
N/A
Connection to PBB Priorities and Objectives:
N/A
Connection to Regional Plan:
N/A
Connection to Carbon Neutrality Plan:
N/A
Connection to 10-Year Housing Plan:
N/A
Connection to Division Specific Plan:
N/A