.

The municipal market remains a high-quality, attractive fixed income sector.

States have actually now seen 9 consecutive quarters of positive tax receipts and are keeping their spending restrained, leading to better overall fundamentals.

9: Consecutive quarters of growing state tax collections

Despite recent headlines, the municipal market remains a high-quality, attractive fixed income sector. All economic cycles see downgrades as well as upgrades, and this one is no different. States have actually now seen 9 consecutive quarters of positive tax receipts and are keeping their spending restrained, leading to better overall fundamentals. In addition, pension reform continues across the nation, leading to a better long-term outlook.

Source: BlackRock; The Nelson A. Rockefeller Institute of Government, Q1 2012

http://www2.blackrock.com/                                                                     

Prepared by BlackRock

Delivered courtesy Joel W. Grams, CRPC®, CLTC,

Registered Representative, Financial Planner, 212 Capital Group

38 Main Street Suite 360, Westlake Ohio 44145

(440) 835-4501 Ext 17, jgrams@212capitalgroup.com

The foregoing discussion is general in nature and not intended as specific advice.
New England Financial nor its representatives are engaged in rendering tax, accounting or legal advice. A qualified professional should be consulted regarding the effect of such considerations on the matters covered in this publication.

For information on New England Financial insurance or other financial products and services, please contact Joel W. Grams, CRPC®, CLTC, Registered Representative, Financial Planner with /New England  Financial 38 Main Street Suite 360, Westlake, OH 44145, at (440) 835-4501 ex 17, jgrams@212capitalgroup.com www.212capitalgroup.com             

New England Financial is the registered mark for New England Life Insurance Company (NELICO) Boston, MA 02116. Securities and investment advisory services offered through New England Securities, Corp. (NES)(member FINRA/SIPC) a Registered Investment Advisor. NELICO and NES are MetLife companies.L0912278971[exp0613][OH]

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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