EPA Announces Targeted AirShed Grants

Nine projects receive $3-4 million each

  • 2 May 2018
  • Author: Mike Miller
  • Number of views: 498
  • 0 Comments
Today the US Environmental Protection Agency (EPA) announced the award of nine Targeted Airshed Grants to projects in Alaska, California, and Utah.

White House and Treasury Announce Fundamental Change to Tax Rulemaking

  • 13 April 2018
  • Author: Aindriu Colgan
  • Number of views: 538
  • 0 Comments

After months of trading punches Director Mick Mulvaney of the White House’s Office of Management and Budget (OMB) and Treasury Secretary Steven Mnuchin released a memorandum of agreement (MOA) that creates a new framework for writing, reviewing, and implementing tax regulations.  In short, the MOA requires OMB’s Office of Information and Regulatory Affairs (OIRA) to review major tax regulations—just as it does major rulemakings from any other executive branch agency.  This is a fundamental change from a 1983 agreement, under which Treasury had hitherto operated, that exempted most tax regulations from review.

W&M Reports Suite of IRS Reform Bills

  • 13 April 2018
  • Author: Aindriu Colgan
  • Number of views: 479
  • 0 Comments
On Wednesday, the House Ways and Means Committee marked up and unanimously reported 12 bills to reform the IRS. The bipartisan packaged was sponsored by Oversight Subcommittee Chairman Lynn Jenkins (R-KS) and Ranking Member John Lewis (D-GA) and is designed to modernize the IRS and improve customer service. The package requires the IRS to send Congress by September 30, 2020 a comprehensive written plan for reorganizing the agency, including priorities laid out by lawmakers.

IRS Rules Prepaid Property Taxes May Still Be Deductible on 2017 Returns

  • 11 April 2018
  • Author: Aindriu Colgan
  • Number of views: 420
  • 0 Comments
The IRS ruled that taxpayers who prepaid their 2018 property taxes may still be able to deduct the entire amount from their 2017 federal taxes without regard to the $10,000 limit imposed by the Tax Cut and Jobs Act.

Increased Costs of Municipal Financing

Unintended Consequences of the Tax Cuts and Jobs Act

As you know, both corporate and individual tax rates were reduced in last year’s Tax Cuts and Jobs Act. Lower tax rates make tax-exempt vehicles like municipal bonds less attractive to both corporate and individual investors; with lower tax rates, they have less incentive to look for tax-exempt investments. Reduced demand for municipal bonds and other tax-exempt investment vehicles like private activity bonds (PABs) means that cities will have to increase the interest rates on new bond issues in order to attract investors.
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US Congressional Calendar

TFG Experts Compile Special Report on the Infrastructure Investment and Jobs Act

TFG Experts Compile Special Report on the Infrastructure Investment and Jobs Act

TFG outlined programs included in the Infrastructure Investment and Jobs Act critical to its clients in an exclusive Special Report.

WASHINGTON, D.C.—This week, longtime infrastructure and federal funding experts at The Ferguson Group (TFG), compiled an extensive Special Report on the 2,739 page Infrastructure Investment and Jobs Act recently passed by the United States Senate. Importantly, TFG staff members with expertise across all portfolios teamed up to highlight and interpret provisions of particular importance to clients. Clients will also receive timely updates on subsequent negotiations and actions in the U.S. House on the bill and future infrastructure and budget initiatives relevant to their priority projects.

“Our clients need every resource at their disposal to help their communities,” said Jennifer Imo, Managing Partner of Client Services. “But it’s incredibly difficult to filter and interpret the latest federal legislation, emergency funding, and budget provisions to target the right programs—that’s where we come in. Our Special Report distills down the massive Infrastructure Investment and Jobs Act to highlight the federal provisions our clients can advocate for and benefit from quickly.”

“I was pleased to work with my colleagues across issue areas to put together a comprehensive guide to the infrastructure package for our clients,” said Zachary Israel, Principal and Manager of Legislative Affairs. “If passed, this bill could be a real game-changer for our clients. We are also closely monitoring subsequent House actions on the Senate-passed Infrastructure Investment and Jobs Act, FY 2022 Community Project Funding (or “earmarks”), and the potential $3.5 trillion reconciliation package.”

Without a Congressional section-by-section summary currently available, the Special Report provides clients a needed breakdown of the 5-year surface transportation reauthorization bill and additional $550 billion in emergency infrastructure spending included in the Infrastructure Investment and Jobs Act.

 

 

 

 

 

The TFG Special Report on the Infrastructure Investment and Jobs Act summarizes and interprets relevant provisions such as:

  • Surface Transportation;
  • Surface Transportation Investment Act of 2021;
  • Transit;
  • Energy;
  • Drinking Water and Wastewater Infrastructure;
  • Broadband;
  • Revenue Provisions;
  • Infrastructure Investments and Jobs Appropriations Act; and
  • Next Steps.
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28 January 2025

TFG Monitoring Developments of Temporary Pause of Agency Grant, Loan, and Other Financial Assistance Programs

On January 27, the Office of Management and Budget (OMB) under President Trump issued a memorandum titled “Temporary Pause of Agency Grant, Loan, and Other Financial Assistance Programs.” The directive mandates Federal agencies to temporarily suspend the obligation and disbursement of federal financial assistance while conducting a comprehensive review of programs and awards to ensure alignment with the administration’s policies and priorities. As part of this review, agencies are also instructed to temporarily suspend the issuance of new program solicitations.

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