Op-ed: Municipal bonds are the ‘Boring’ issue that could cripple our cities

Currently, the municipal bond market in the United States is showing positive signs of growth and stability. Year-to-date in 2025, the issuance rate of municipal bonds is up 13 percent with no indication of slowing down. We’re in a good place.

However, the current administration is looking to roll back tax exemptions on municipal bond interest, despite resistance from local, state and federal lawmakers. I, along with my colleagues on the Birmingham City Council, recently had a chance to sit down and talk with our congressional leaders about this issue and the consequences this would have on cities like Birmingham.