State financial health adds to muni appeal
State financial health has improved as tax receipts rebound and states receive sizable federal aid.
State financial health has improved as tax receipts rebound and states receive sizable federal aid.
Since January, much of the talk from the political class has revolved around sequestration, the other half of the fiscal cliff that mandated 2% across-the-board spending cuts. While the political rhetoric associated with those cuts often has painted them as catastrophic, we believe the fallout for most states is likely to be fairly benign. The