The public finance landscape will soon feel the impact of the results of the elections that will decide on the future of approximately $27 billion worth of bond proposals across the country. The amount voters face is almost half of what they weighed in on during the 2020 elections.

According to Tom Kozlik, head of research and analytics, the results from the elections will be one of our first barometers about the tone among U.S. voters since the 2020 presidential elections.

This year’s bond elections come after an NBC poll found that only 22% of voters believe the country is headed in the right direction compared to 71% who indicated the country is on the wrong track.

“There are probably more ballot measures in the years where the economy is not only growing, but when there is also a positive landscape for passage,” said Kozlik in a published Bloomberg article.

Overall, Kozlik stated that “all politics are local” and he believes that it’s possible that the results of the elections could reinforce a more moderate political tone.