The municipal bond market enables more than 50,000 state and local governments, agencies, and authorities to fund a variety of public works projects. However, the breadth of the market and its tax advantages leave it subject to the mandates of regulatory agencies and legislators. Our municipal commentary helps you stay up to date on the latest market headlines and trends.
Tom Kozlik is the Head of Municipal Research and Analytics for HilltopSecurities. He distributes widely read municipal commentary and frequently contributes to national media outlets. With over two decades of experience in the fixed income industry, Kozlik is a nationally recognized strategist who brings unique insight and perspectives to his commentary and analysis of municipal market trends, opportunities, and challenges. For 2018-2021, Smith’s Research and Gradings included him on the first team in the generalist category of its Municipal All-Star Team, in addition to the third team in the sellside director of research category for 2020 and 2021.
He was voted to Institutional Investor’s All-America Fixed-Income Research Team and Greenwich Associates named him one of the Most Helpful Analysts in Municipal Bonds in 2015. In addition, Kozlik has taught graduate-level public finance courses at the University of Pennsylvania’s Fels Institute of Government, where he earned a Masters of Government Administration.
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Infrastructure Could Strengthen Golden Age of U.S. Public Finance, Prelim Talks to Begin
Very preliminary planning discussions about an infrastructure and jobs package that could amount to as much as $3 trillion are expected to begin this...
PODCAST: Stress Testing U.S. State Budgets One Year After COVID-19
HilltopSecurities Head of Municipal Research & Analytics Tom Kozlik speaks with Dan White, director at Moody's Analytics to discuss the...
American Rescue Plan Provides Massive Economic Boost, U.S. Public Finance Could Be on Brink of a Golden Age, Especially if Infrastructure Stimulus Follows
The American Rescue Plan Act of 2021 ($1.9 Trillion), is the sixth phase of U.S. fiscal policy in response to COVID-19. Lawmakers have spent almost...
America’s Infrastructure GPA: C-, up from D+
The American Society of Civil Engineers (ASCE) released their 2021 Report Card for America’s Infrastructure today and it shows, "For the first time...
Continuing to Assess Cost and Liquidity Pressures for Texas Power Utilities
We are still trying to piece together net costs and potential liquidity pressures Texas power utilities are facing following the recent extreme...