As we reach the midpoint of 2025, the U.S. economy continues to show its resilience. However, there are some signs of cooling on the horizon. The Federal Reserve’s Federal Open Market Committee’s (FOMC) preferred measure of inflation, the Personal Consumption Expenditures (PCE) Index, increased 0.1% for the month of May, an increase that brought the year-over-year increase to 2.3%.

Municipalities, possibly your community, may be sitting on unspent bond proceeds earning interest above the allowable arbitrage yield. While this may seem like a short-term win, it can trigger a long-term IRS rebate liability. Fortunately, there’s a compliant, strategic way to manage this liability through the use of Demand Deposit SLGS (State and Local Government Series Securities) and Tax-Exempt Municipal Debt Obligations.

Since 2015, the Village of Slinger has been exploring long-term solutions to address the growing needs of its police department. Located in Washington County, the Village has experienced significant growth, with its population increasing 80% from 3,645 in 2000 to 6,575 in 2024. Continued development – such as Merchant Village and several planned residential projects – is expected to further strain the capacity of the existing police facilities.