September 2023 - Monthly Review

"15 Years and Counting -The MainLine Advantage

At the moment, things in DC are calm for munis. However, recent friction regarding budget cuts and politics has us thinking Congress may, once again, question the cost and effectiveness of municipal finance. Given all the budget abuses in DC, focusing on the lost income from tax-exempt financing seems trivial and could cause more long-term harm than good. MainLine will look at the benefits, costs, and alternatives to tax-exempt financing in this month’s review, so Congress can focus on bigger problems. 


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Expert Insight About The Municipal Bond Market
Our team of investment professionals are active in the market daily. Our blog includes posts with valuable insight and commentary about critical municipal finance topics and expert interpretation of how current economic factors may affect the municipal bond market.sit our Web
About The Author
Mike Maciolek, CFA, is a Senior Vice President at MainLine West and a member of the investment team for individually managed client accounts and our family of Tax Advantaged Opportunity Funds. Prior to his current role, he was a portfolio manager for First Data Corporation. Mike directed a set of municipal bond portfolios approaching $12 billion in market value, and $7 billion in interest rate derivatives, applying his expertise to meet the various objectives of the portfolios. He began his 24 year career in New York City as an analyst with management responsibilities for $2 billion in tax-exempt money market funds for Oppenheimer Funds.
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