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Table of Contents State and Local Governments Relied on Debt for Budgetary Help In 2020 State and local governments have sought a variety of ways to cope with the fiscal fallout of the COVID-19 pandemic and recession, including borrowing on the municipal bond market. But municipal bonds are commonly used to pay for major, long-lasting projects, so whether and how to use them to borrow for immediate budgetary relief can be a challenging question for government officials. Matt Fabian is a partner and Lisa Washburn is chief credit officer and managing director with Municipal Market Analytics (MMA), a research and consulting firm that specializes in the U.S. municipal bond market. Founded in 1995, the company which has worked with The Pew Charitable Trusts to support Pew’s research on state fiscal health helps investment firms, banks, and financial advisers navigate the nearly $4 trillion market. This interview with Fabian and Washburn has been edited for c

Lisa washburnMatt fabianFederal reserveMunicipal market analyticsPew charitable trustsMunicipal liquidity facilityலிசா கழுவும்மேட் ஃபேபியன்கூட்டாட்சியின் இருப்புநகராட்சி சந்தை பகுப்பாய்வுபியூ தொண்டு அறக்கட்டளைகள்நகராட்சி நீர்மை நிறை வசதி