Hilltop's Kozlik 'Cautious' on State, Local Government Debt

What major government initiative was highlighted as part of the increased federal role over the last decade?

• The 2009 Recovery Act

• The Tax Cuts and Jobs Act

• The Green New Deal

• The Affordable Care Act

What is the forecasted volume for the taxable market in 2020?

• 650 billion

• 350 billion

• 450 billion

• 550 billion

Which group has shown increased interest in municipals, especially on the taxable side?

• Retail investors

• Government agencies

• International buyers

• Local investors

What is a significant concern for state and local governments in the medium term?

• Rising inflation

• Pension liabilities

• Technological advancements

• Decreasing population

What is a key factor that might affect state and local governments' response to economic downturns?

• Federal tax policies

• Interest rate changes

• Political stability

• Pension obligations