Muni-Bond Desks Stand to See Big Wins If Trump Loses

Democrats’ plans for new social programs could provide a boost to state and local governments’ finances as well, said Matt Fabian, a partner at research firm Municipal Market Analytics. States could use the help: federal grants for services like transportation and education stand at the lowest level as a percentage of the economy since 1989, according to a 2018 report by the left-leaning Center on Budget and Policy Priorities.

“The wealth tax is likely to expand federal spending, which would take some of the burden off of state and local spending,” Fabian said. But, he added: “We’re still a long way from talking about it to actually implementing it.”

https://www.newsmax.com/finance/streettalk/muni-bond-desks-wins/2019/10/31/id/939599/