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Thursday, May 6, 2021

IL reported that their general fund revenue in April jumped 46% from a year ago. The total general fund budget rose to $5B in April 2021 from $3.40B in April 2020. We will continue to see these types of moves as states and cities...

Thursday, April 29, 2021

Last night 4/28, President Biden took a risky move while calling on some Americans to pay higher taxes to fund the $1.8T deal he proposed. He promised sweeping changes following the pandemic, indicating this will be a "once in a...

Wednesday, February 10, 2021

States are continuing to slash their deficit forecasts due to the increased revenue stream and unexpected tax flow dollars from our economic recovery. IL is the latest state moving its deficit numbers down to $3B from $5.5B. The...

Thursday, January 28, 2021

The FOMC indicated no change in policy on 1/27/21 and only slight changes to the economy's overall outlook and growth. They are concerned about "pockets of weakness" and commented that the economy's slowdown was much more...

Thursday, January 21, 2021

NY is seeking $15B in aid from President Joe Biden. Governor Cuomo presented a state budget for fiscal 2022. He indicated that if NY does not receive substantial help from the government, it will force him to raise revenue, cut...

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Thursday, January 14, 2021

President-elect Biden will unveil today a COVID Relief Package rivaled in size only by last year’s $2Trillion Cares Act. Transition officials developed a proposal with Democratic lawmakers in recent days; the package is expected...

Thursday, January 7, 2021

With the Ga Senate race over & a Democratic win, President-elect Biden can push for another stimulus bill extending assistance to cities and states to help fight against shutdowns. With this backstop in place, it allows primary...

Thursday, December 31, 2020

The $3.9 trillion U.S. municipal bond market is on track to finish 2020 with returns of about 5.2%, marking the seventh straight year of gains and showcasing the rebound from a record selloff in March as fears about the...

Wednesday, December 23, 2020

On many occasions, the FED has indicated that rates will not move for the next several years and unanimously approved to keep the FED Funds rates at 0.00 to .25%, where it has been since March. We remain buyers of High-Grade paper,...

Thursday, December 17, 2020

With the FED indicating yesterday that rates will stay “the same for many years," they refined their communication on the time horizon of asset purchases. The FED signaled a very long-term "dovish" signal and indicated that the...

Thursday, December 10, 2020

Large transportation systems in the US are struggling to retain cash flow. Many are pleading with Congress for FED funds to avoid deep service cuts and layoffs while warning that an economic comeback depends on mass transit. MTA's,...

Wednesday, April 29, 2020