State rainy-day funds have remained at near-record levels, offering a cushion against inflation and increased costs.
Karel
Citroen
Karel Citroen
Karel Citroen is the head of municipal research at Conning.
Prior to joining Conning, he was in municipal portfolio surveillance with MBIA and before that was a banking and securities lawyer for financial institutions in the Netherlands.
He earned an MBA from Yale University and is a member of the National Federation of Municipal Analysts and the Municipal Analyst Group of New York.
