Title
RESOLUTION NO. 25R-04-83: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL, FLORIDA URGING SENATOR ASHLEY MOODY, SENATOR RICK SCOTT, AND CONGRESSWOMAN DEBBIE WASSERMAN SCHULTZ TO OPPOSE THE ELIMINATION TO THE TAX-EXEMPT STATUS OF MUNICIPAL BONDS AND PRESERVE AND PROTECT TAX-EXEMPT MUNICIPAL BONDS IN ANY UPCOMING TAX REFORM TO BE CONSIDERED BY CONGRESS (REQUESTED BY MAYOR DENISE D. GRANT).
Body
Request Action:
To approve resolution urging Senators Ashley Moody and Rick Scott and Congresswoman Debbie Wasserman Schultz to oppose the elimination to the tax-exempt status of municipal bonds.
Need Summary Explanation/ Background:
This is important to the city because the issuance of municipal bonds is one of the most cost-effective means by which to finance the construction of new and/or the rehabilitation of infrastructure.
Cost Summary/ Fiscal Impact:
$ 0.00
Attachments:
Number all attachments consecutively.
Budget Code Number(s):
Procurement Information: [check all that apply]
[ ] RFP/Bid [ ] Emergency Purchase [ ] SBE
[ ] Proposal/Quote [ ] State Grant Funds [ ] Local Preference
[ ] Piggyback Contract [ ] Federal Grant Funds
[ ] Sole Source [ ] Matching Required