In written music one repeats the phrase after the coda. In municipals, we repeat the infrastructure phrase as an expression of hope. This time truly does feel different. The Civil Engineers gave us their report card of C+ for the status of infrastructure recently....

New York State Budget Outlook It is always interesting from an analyst’s viewpoint how New York State comes to market with a bond issue when the budget adoption is close but is far from done. This year is no different. Of course, all the numbers under discussion have...

While you have been watching Tesla stock on the up and down roller coaster, you have found some solace in the stability in the municipal space. It is true that yields are up measurably and that funds are not cascading into mutual funds of late. But new issuance is...

Stable and Reliable The recent power crisis in Texas had me thinking back to the beginning of my career several decades ago when my primary job was as a power analyst. I trudged through many of the public power plants across the nation including the nuclear facilities...

Governing by the Rule of 51 Most participants in the markets and pundits who follow events agree that given the level of unemployment among other factors that more needs to be done by the means of additional stimulus. The administration’s goal to include state and...

  We have all been dealing with a lot of incoming news over the last week. While our form of government was being severely tested, there were many other factors to focus on from a municipal standpoint. One of the first items that comes to mind is the necessity...