Muni Think

There is a considerable amount of concern regarding the outlook for the overall economy.

Muni professionals’ knee-jerk response is that the phrase is clear, until they attempt to explain it. And then they realize that it is nonsensical.

The alleged train of neglect ran from 2001 to 2015 and included revenue and expenditure falsification and misleading debt gimmicks.

The r-word or recession is back with a vengeance.

The market is undergoing a generational transformation and, absent investment in technology, attracting and retaining talent will be a significant challenge.

Rainy day funds are vital to help states maintain fiscal flexibility and limit painful spending cuts or tax increases.

We expect federal money once again to make U.S. cities an example to the world and that public debt will disappear by magic — it won't.

It is time for more creative thinking about finding more solutions to fund improvements for the city instead of political squabbles.

Investors miss opportunities when they fail to evaluate munis against an environmental, social and governance framework.

The minutes reveal a number of pros and cons with the approach. It would be wise to have banks only post T-Bills for excess reserves above $20B.