However, this is not necessarily the end of the story. There is still plenty of time to bring Congress back after Christmas if a new deal should materialize. There have also been reports that Congress could act on the morning of Jan. 3, 2013, before the new Congressional members are sworn in at noon.
At this point, cities should assume that all options are on the table and continue sending information on how their cities benefit from tax-free municipal bond and discretionary programs such as CDBG, HOME, and COPS/JAG.
For more information, please see the Dec. 14 CA Cities Advocate story “Talks Continue on Fiscal Cliff.”