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California’s Proposition 2 Provides Guardrails for Future Fiscal Challenges
Municipal Bond | Insight
After two years of unprecedented revenue growth in the US, many states, including California, are now experiencing tax revenue declines. California’s widely publicized budget shortfall has been addressed through a variety of measures — including provisions in Proposition 2, which created new rules for how the state manages its budget, with revisions to how debt,
Municipal Bond Portfolio Manager Kara South, CFA was quoted in a Bond Buyer article, entitled, “Munis take breather ahead of smaller — but still sizable — new-issue calendar.” Read Article Here By clicking on any of the links you will be redirected to an external site. These links are provided for informational purposes only; they do
The municipal market was a full participant in the global bond rout that unfolded over the third quarter. Broad fixed income losses piled up each month, but accelerated after the September FOMC meeting, where Fed policymakers signaled a determination to hold interest rates higher for longer. Investors were taken off guard by the hawkish messaging,
Year-end is an excellent time to review your estate and financial plan. GW&K’s Wealth Strategist, Melissa Jacoby, shares year-end planning ideas that may offer meaningful tax-savings opportunities in her updated guide.