Government Finance Officers Association Report: Protecting Bonds to Build Infrastructure and Create Jobs
In January 2025, the Government Finance Officers Association updated and released new data for its report on “Protecting Bonds to Build Infrastructure and Create Jobs.” This report examines the critical role tax-exempt municipal bonds play in funding public-sector infrastructure projects. The report highlights how state and local governments, which account for more than 90 percent of public-sector construction spending, rely heavily on these bonds for projects like roads, bridges, schools, and utilities. Municipal bonds, unlike federal Treasury bonds, are subject to stringent regulations under the Internal Revenue Code and state constitutions, ensuring their primary use is financing new infrastructure.
