COVID-19

On May 4, the Securities and Exchange Commission issued a Public Statement, “The Importance of Disclosure for our Municipal Markets,” that encouraged municipal issuers to provide updated financial and other disclosures associated with the effects of COVID-19…

Bond Dealer’s of America National Fixed Income Webinar Discussion with Lumesis CEO, Gregg Bienstock.

As we contemplate the state of the municipal market today, issuance and the strong demand for many types of municipal bonds provide an “all is well” feeling.

Budget season is always interesting as organizations look to their crystal balls to set goals for the coming year which inevitably includes the arduous task of resource management.

The second week of August saw municipal market disclosures related to the coronavirus pandemic reach almost record level highs of around 1,200 filings.

Only about 2.5% of municipalities have filed coronavirus-related continuing disclosures due to uncertainty of how the pandemic will unfold.

As COVID-19 batters cities, an overhanging question in public finance is whether the crisis can elicit more efficient governing post-pandemic. Challenges amid severe budget strains include rebuilding tax bases, restoring business confidence, closing gaps between the rich and poor, and smarter municipal management overall.