S&P Public Finance Outlook Sees Slower Growth Impacting Muni Market

The video discusses the anticipated slowing of economic growth and its impact on state revenue, highlighting 2018 as an anomaly with a surge in economic activity. It predicts budget strains for states in 2019, affecting local municipalities due to downstream challenges. The discussion also covers the ongoing issue of pension liabilities, which have been a significant concern for governments, emphasizing the urgency for states to address these financial challenges.

How do state revenue shortfalls impact other sectors of public finance?

What factors contribute to the expectation of slower economic growth in 2019?

What challenges do local municipalities face due to state budget strains?

In what ways have pension liabilities affected state budgets?

What is meant by the term 'silver tsunami' in relation to pension liabilities?