During the recession and for years afterward, many U.S. cities experienced a shortage of tax revenues due to high unemployment and low property values. Despite the fact that we still read about troubled regions, such as New Jersey and Chicago, it’s important to recognize that most U.S. municipalities have recovered well. As a result, the municipal bond market is thriving, with nearly 50,000 issuers in the U.S.
Daniel Shub, AIF®, RFC®
Wealth Advisor & Founder.