Health & Fitness
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
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Prepared by BlackRock
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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]