Dan Close

“At the margin, if you do think that some of these measures are going to pass, knowing that bonds usually move up with an increase in taxes, there might be some opportunities to buy ahead of the election for blue states,”

Dan Close · said date not stated · reported 2026-11-01

Close suggests there may be opportunities to buy muni bonds ahead of the election in blue states with tax measures on the ballot.

“Blue states are trying to put in place graduated income tax structures, trying to capture more revenue from high-income earners. Red states are promoting affordability by trying to cut property taxes.”

Dan Close · said date not stated · reported 2026-11-01

Close explains that blue states are pursuing graduated income taxes while red states aim to cut property taxes.

“Like everything in municipal finance, it is really on a case-by-case basis that you could have some credit deterioration from [a] rollback of property taxes,”

Dan Close · said date not stated · reported 2026-11-01

Close notes that credit deterioration from property tax rollbacks varies on a case-by-case basis.

“The impact to the muni bond market will be to make the exemption more valuable,”

Dan Close · said date not stated · reported 2026-11-01

Close comments on the effect that possible passage of tax increases would have on the muni bond market.

“It's a complete bifurcation between red and blue states,”

Dan Close · said date not stated · reported 2026-11-01

Dan Close describes the differing tax policy approaches between Republican-leaning and Democratic-leaning states.