Muni Think

Membership substitution transactions are the most common form of business combination transaction in the nonprofit hospital industry. They are also widely misunderstood and the source of many mistakes.

Unemployment and foreclosures warrant a closer look in geographic areas of concern.

President Trump, in promising massive transportation investments, did not mention what the fiscal impact would be on interest rates. Nor did he discuss the critical role of local and state governments in financing the nation’s public infrastructure.

Though the final Treasury Regulations were greeted as more palatable than versions proposed earlier, a deeper dive results in a list of questions that need to be considered.

The looming closure of the State and Local Government Series, or SLGS, window on March 15, when the debt ceiling suspension is set to expire, introduces new transaction risks that must be properly and prudently managed.

Factually flawed methodology utilized by the Joint Committee on Taxation poses a key challenge as the municipal market seeks to maintain full access to the tax exemption.

With so much attention on job growth from both the outgoing and new administrations, we take a look at what the data, through the end of 2016, tells us about the employment situation relative to our population.

Although the updated guidance could benefit from revisions or clarification of certain provisions that weren't addressed, it provides welcome guidance for issuers and 501(c)(3) borrowers entering into management contracts.

States that rely heavily on exports to foreign countries are worth a closer look as the Trump administration considers its next steps on its promise to change trade policy.

The warning signs can reveal themselves in historic audited financials, when combined with more timely economic data.