Responding to COVID-19 (Coronavirus)
SDMN recognizes the potential market implications of the COVID-19 (Coronavirus) outbreak. In an effort to better serve our members we have compiled and will continue to maintain a list of relevant resources from major rating agencies:
SDMN enhances and leverages its members’ comprehensive, collective know-how to advise governmental leaders and policy makers to improve the issuance and management of state debt.
In a bipartisan fashion, the co-chairs of the Municipal Finance Caucus introduced a bill in the House of Representatives to restore the tax-exemption for the advance refundings of municipal bonds.
Recent legislation eliminated the opportunity for these tax-exempt advance refundings to occur, which makes it more difficult for state and local governments to refinance their debt when interest rates are favorable, thus saving taxpayers money. NAST supports this bill and encourages action to promote its passage.
To assist, NAST is providing an Advocacy and Outreach Toolkit to reach out to Congress and the media.
SDMN brings together public officials from all branches of state government to share information, ideas, and best practices on the issuance, management, and oversight of public debt. By joining the State Debt Management Network (SDMN), you’ll be connected with the preeminent professional organization for the issuers and managers of state debt.
Together, members work to improve the issuance and management of state debt, and to enhance best practices through thorough collaboration, education, and the exchanging of ideas and innovations.