Local governments cry foul over feds' move to limit tax-free municipal bonds

Public officials in Minnesota and across the nation are scrambling to head off a proposal they say would deliver a devastating blow to their ability to fund infrastructure and economic development projects.

Affordable housing in Albertville, a community gym in Edina, a fire station in Pelican Rapids: These and other projects could become tougher to build and pay for if the IRS succeeds in clamping down on the use of tax-exempt municipal bonds.

http://www.startribune.com/local-governments-cry-foul-over-feds-move-to-limit-tax-free-municipal-bonds/381438281/