Muni Think

President Trump, in promising massive transportation investments, did not mention what the fiscal impact would be on interest rates.

Issuers of revenue bonds are beginning to fully understand how interest rate risk works and how they are affected by rising interest rate risk.

As we await details of the new administration’s infrastructure plans, we must continue to demonstrate the strengths of the tax-exempt municipal market that we have today.

The Municipal Securities Rulemaking Board report on the timeliness of disclosure tells us that not much has changed for the better. We also look at those obligors that might be impacted should the Oroville Dam fail.

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.