Resolution R2025-0016013
Active
Call on U.S. Congress to preserve tax-exempt status of municipal bonds
Auto-generated summary
The resolution highlights the role of municipal bonds in infrastructure projects, used by 50,000+ U.S. governments. Investors receive tax benefits, reducing borrowing costs. Illinois' $137.4 billion investment since 2015 has saved taxpayers $2.9 billion. Eliminating the tax-exempt status would increase costs, affecting public investment. The Chicago City Council urges the U.S. Congress to preserve the tax-exempt status of municipal bonds.
