A Troubled Trio: Investing in New York, New Jersey and Connecticut
New York, New Jersey and Connecticut face big fiscal challenges. Competitive economic forces, changing federal programs, and each state’s own mismanagement together threaten one of the most economically diverse and dynamic regions of the country.
This report considers Tri-State property tax burdens, pension liabilities and infrastructure needs, as well as the broader issues associated with the newly implemented Federal Tax Cuts and Jobs Act. We focus on the potential impact on bond prices, risks to credits, and associated investment risk and opportunities. Click here to download.