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Manage episode 282952576 series 1101878
• Support for the budgetary needs of states is going
to be a higher priority for the new administration,
as fiscal support is needed for both state and
pandemic related shortfalls.
• States that make the necessary fiscal changes
should be rewarded with higher credit ratings,
which will ultimately lower their financing costs.
• High tax states, such as California and New York,
face additional fiscal issues as many people are
moving to states with low or no state income tax.
• We have high expectations for municipal bonds
in 2021 as we look ahead to improved economic
activity and a new supply of high quality municipal