Will the Feds Use the California Crisis to Change the Rules on Munis?
If you live in the United States, there is a good chance the crisis in California is going to affect you. And if you own municipal bonds — either directly or indirectly through other investments — what’s happening in California could have a major impact on your finances.For years, state government budgets have been expanding as the economy grew and the rising housing market swelled property tax coffers. But the severe recession that has brought rising unemployment and a collapse in property valu
Tags: Coffers, Collapse, Economy, Feds, Finances, Good Chance, Housing Market, Investments, Municipal Bonds, Munis, Property Tax, Recession, State Government Budgets, Unemployment, United States, Valu