Green bonds. Issuance is expected to hit a record high this year and so are municipal green bond offerings. My friend and colleague Mark Funkhouser explains why local leaders should take advantage of this alignment of financial interests and moral ones.
More spending flexibility in the American Rescue Plan. Legislation now making its way through Congress would allow governments to use some of their ARP funds for highway and transit projects and to address natural disasters.
Rising income tax revenue. The K-shaped recovery and federal stimulus has resulted in the largest median state personal income jump in 14 years. According to Fitch Ratings, state income tax revenues increased by 6.3% last year and this year is expected to produce similar growth. This has implications for public pensions, tax cuts and — of course — the 2022 midterms.
Author(s): Liz Farmer
Publication Date: 17 Nov 2021
Publication Site: Long Story Short at substack