US State And Local Government Outlooks Improve, Driven By Revenue Performance And Robust Federal Support Moody's Talks

15:08

Robust revenue gains and easing expense growth will buoy not-for-profit hospitals over the next 12 months, while state and local taxes will play a growing role in funding many of the nation’s transit systems. Guests : Nansis Hayek, Analyst - Moody’s Ratings; Rita Strauss, AVP-Analyst - Moody’s Ratings; Matt Butler, Vice President - Moody’s Ratings Host : Nick Samuels, Senior Vice President - Moody’s Ratings Related content on Moodys.com (may only be available to registered users and subscribers): Not-for-Profit and Public Healthcare – US: 2025 Outlook - Stable as profitability rises modestly on revenue growth, cost controls Mass Transit – US: 2025 Outlook - Stable as taxes and state funding continue to support operations…

1
Rising insurance costs indicate growing climate risk for state and local governments 17:31

hace 22 weeks17:31

17:31

The availability and affordability of home insurance is declining as damage from hurricanes and wildfires becomes more frequent. That could have negative implications for property values and tax revenues, particularly in the most disaster-prone states. Guests : Michael Wertz, VP - Senior Analyst, Moody’s Ratings; Denise Rappmund, VP - Senior Analyst, Moody’s Ratings Host : Nick Samuels, Senior Vice President, Moody’s Ratings Related content on Moodys.com (may only be available to registered users and subscribers): State and Local Governments – US: Rising insurance costs indicate growing climate risk to state and local governments…

1
US public schools grapple with depleted federal aid, rising salaries and falling enrollment 14:01

hace 26 weeks14:01

14:01

The operating environment for K-12 districts is getting tighter as $190 billion in pandemic support ends, employee costs climb, and declining birthrates reduce the school-age population. Guest : David Levett, VP-Sr. Analyst - Moody’s Ratings Host : Nick Samuels, Senior Vice President, Moody’s Ratings Related content on Moodys.com (may only be available to registered users and subscribers): Public K-12 School Districts – US: Tightening operating environment will challenge a growing minority of districts…

1
Ballooning stadium subsidies amplify risk for US states and local governments 12:47

hace 31 weeks12:47

12:47

Stadium projects are often less financially beneficial than projected for the governments subsidizing them, though a shift toward multipurpose facilities brings the potential for enhanced returns. Guest : Greg Sobel, AVP-Analyst - Moody’s Ratings Host : Nick Samuels, Senior Vice President, Moody’s Ratings Related content on Moodys.com (may only be available to registered users and subscribers): States and Local Governments – US: Ballooning stadium subsidies amplify risk amid potential economic development…

1
NCAA settlement and declining enrollment shift the higher education landscape 12:40

hace 35 weeks12:40

12:40

Higher expenses after a $2.78 billion agreement on student athlete payments pose a credit risk for smaller colleges, which already face rising competition from larger, cheaper institutions. Guests : Patrick Ronk, AVP-Analyst - Moody’s Ratings; Nicole Serrano, VP-Sr Credit Officer - Moody’s Ratings Host : Nick Samuels, Senior Vice President, Moody’s Ratings Related content on Moodys.com (may only be available to registered users and subscribers): Higher Education – US: Settlement in NCAA antitrust cases leads to colleges paying athletes, a credit negative Private Colleges and Universities – US: Small institutions in Northeast and Midwest face credit stress as enrollment declines…

1
Revenue shortfall leaves California facing a budget squeeze 15:48

hace 39 weeks15:48

15:48

Spending cuts of $25 billion will ease the deficit, though out-migration of high earners remains a drag on revenue. K-12 education will avoid significant cuts, but is vulnerable if the economy slows. Guests : Matt Butler, VP-Sr Credit Officer - Moody’s Ratings; Helen Cregger, VP-Sr Credit Officer - Moody’s Ratings Host : Nick Samuels, Senior Vice President, Moody’s Ratings Related content on Moodys.com (may only be available to registered users and subscribers): California’s deficit grows, increasing importance of strong budget solutions California school districts are prepared for state budget cuts due to liquidity and strong reserves…

1
Insurance crisis poses credit risks for hurricane-prone Florida and Louisiana 15:44

hace 44 weeks15:44

15:44

As climate issues mount, residents face escalating property insurance costs and, in some cases, difficulty obtaining coverage at all, which threatens to hurt the economy and curtail tax collections. Guests : Bola Kushimo, Vice President - Senior Credit Officer, Moody’s Ratings and Denise Rappmund, Vice President - Senior Analyst, Moody’s Ratings Host : Nick Samuels, Senior Vice President, Moody’s Ratings Related content on Moodys.com (may only be available to registered users and subscribers): State and Local Government - Louisiana: Climate risks and insurance costs pose challenges for state and local governments Florida (State of): Florida insurance exposure reaches peak of 1% of GDP as state increasingly supports sector Property & Casualty Insurance – US: Homeowners insurers aim to boost profits as weather-related losses, inflation take toll For more, listen to our Focus on Finance episode: US homeowners insurers raise prices as inflation and weather-related losses take a toll…

1
Graying of America poses financial risks for many local governments 11:24

hace 48 weeks11:24

11:24

Local governments face a loss of economic vitality and tax revenue as the working-age population declines. Meanwhile, a tighter labor supply remains a chronic issue for the hospital sector. Guests : Frank Mamo, Vice President - Senior Analyst, Moody’s Ratings and Dan Steingart, Vice President - Senior Credit Officer, Moody’s Ratings Host : Nick Samuels, Senior Vice President, Moody’s Ratings Related content on Moodys.com (may only be available to registered users and subscribers): Cities and Counties – US: Declining working-age population will constrain revenue and test adaptability…

1
Intensifying droughts turn up the heat on US state and local governments 11:15

hace 52 weeks11:15

11:15

As water shortages threaten to curb economic growth, governments in many parts of the country are stepping up investment in water management and conservation. Guests : Sunny Zhu, AVP – Analyst, Moody’s Ratings; Maddie Atkins, Analyst - Moody’s Ratings Host : Nick Samuels, Senior Vice President, Moody’s Ratings Related content on Moodys.com (may only be available to registered users and subscribers): States – US: Effective management will be crucial in lessening credit risks from water stress…

1
Red Sea disruptions reshape cargo dynamics on America's East and Gulf Coasts 12:28

hace 1 year12:28

12:28

Suspension of commercial shipping in the Suez Canal and reduced activity in the drought-afflicted Panama Canal have the potential to reduce revenue at key US ports. Guest : Moses Kopmar, Vice President – Senior Analyst, Moody’s Investors Service Host : Nick Samuels, Senior Vice President, Moody’s Investors Service Related content on Moodys.com (may only be available to registered users and subscribers): Ports – US: Red Sea shipping disruptions have potential to reduce East Coast cargo volume Ports – US: 2024 Outlook - Stable as cargo volume grows slowly in difficult macro environment…

1
Major US cities’ pension risks are easing, but far from retired 14:17

hace 1 year14:17

14:17

Pension liabilities for large local governments are falling because of higher interest rates. This dynamic — and greater contributions —bodes well for credit quality, though investment risk lingers. Guest : Tom Aaron, Vice President – Senior Credit Officer, Moody’s Investors Service Host : Nick Samuels, Senior Vice President, Moody’s Investors Service Related content on Moodys.com (may only be available to registered users and subscribers): Local Government – US: Balance sheet leverage declining for large, pension-heavy local governments…

1
Higher education outlook returns to stable 9:49

hace 1 year9:49

9:49

While pandemic pain lingers, our higher education outlook has improved to stable from negative as revenue grows, margins steady and balance sheets remain generally healthy. Guest : Chris Collins, Vice President – Senior Analyst, Moody’s Investors Service Host : Nick Samuels, Senior Vice President, Moody’s Investors Service Related content on Moodys.com (may only be available to registered users and subscribers): Higher Education – US: 2024 Outlook - Revised to stable as revenue growth closes gap on expenses…

1
Hospitals’ prospects improve after severe struggles starting with the pandemic 10:41

hace 1 year10:41

10:41

We have revised our outlook for the US not-for-profit healthcare sector to stable from negative as a recovery takes hold, largely driven by a slowdown in the growth rate of labor costs. Guest : Matt Cahill, Assistant Vice President – Analyst, Moody’s Investors Service Host : Nick Samuels, Senior Vice President, Moody’s Investors Service Related content on Moodys.com (may only be available to subscribers) : Not-for-Profit and Public Healthcare – US: 2024 Outlook – Revised to stable as financial recovery gains momentum…

1
US states get pension relief; English local governments face mounting financial stress 16:23

hace 1 year16:23

16:23

States’ pension liabilities, a source of credit stress for years, are declining and providing financial flexibility. In England, some local governments are grappling with substantial deficits. Guests : Sunny Zhu, Assistant Vice President – Analyst, Moody’s Investors Service and Zoe Jankel, Vice President – Senior Credit Officer, Moody’s Investors Service Host : Nick Samuels, Senior Vice President, Moody’s Investors Service Related content on Moodys.com (may only be available to subscribers) : States – US: Ability to service long-term liabilities and fixed costs improves Local Governments – UK: More to fail as weak governance amplifies the impact of property and rates cycles…

1
San Francisco’s outlook dims as remote work cools downtown activity 15:11

hace 1 year15:11