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Fed’s recent rate cuts could improve borrowing options for state and local government projects • Iowa Capital Dispatch

  • The Federal Reserve's recent rate cut could lower borrowing costs for state and local governments, affecting infrastructure projects, housing development, and tax revenue.
  • Finance director David Schmiedicke hopes lower borrowing costs will reduce public infrastructure construction bid costs.
  • Lower interest rates may eventually help increase affordable housing development, though states will still focus efforts on housing programs.
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