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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
Lorraine Bradt Dennis, 99, professor emeritus at Roger Williams University in Bristol, R.I., died Sunday, Jan. 10, at her assisted-living-facility home in Tiverton, R.I.
Today
Partly cloudy skies this evening. Increasing clouds with periods of showers late. Low near 50F. Winds light and variable. Chance of rain 40%..
Tonight
Partly cloudy skies this evening. Increasing clouds with periods of showers late. Low near 50F. Winds light and variable. Chance of rain 40%. Updated: April 13, 2021 @ 5:15 pm