Households stung by the limit on state and local income tax deductions are chasing tax-free municipal bonds. But it’s wise to proceed carefully. Source: NYT > Business – CARLA FRIED
Rust Belt revitalization: Cities using municipal bonds to redevelop shuttered plants
A rendering of the project (Credit: Instagram) Struggling Rust Belt cities are working to turn around their fortunes by redeveloping vacant industrial plants — and are using a familiar, if risky, financing mechanism to jump start the process. Post-industrial cities in the Midwest and beyond are turning to local-government bonds to fund ambitious redevelopment projects, […]