Coalition Calls for Preservation of PABs

NARC joined many national organizations – including the U.S. Conference of Mayors, National League of Cities, and National Association of Counties – on a letter calling for the preservation of PABs and advance refunding bonds in the final tax bill. PABs and advance refunding bonds provide efficient & low-cost financing for critical investments in infrastructure projects that have a clear public purpose (e.g. hospitals, airports, affordable housing, seaports, water and sewer systems). Currently, it is expected that PABs will be preserved in a final agreement, but advanced refunding will be eliminated.

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