Full Committee Hearing Details: Wednesday, January 10, 2024 at 10:00 AM in SD-608
The Committee on the Budget has scheduled a full committee hearing for Wednesday, January 10, 2024, at 10:00 AM in Room SD-608. This hearing will provide members of the committee with the opportunity to discuss important issues related to municipal bonds and climate risk. The hearing will be held in a government committee room, allowing for a structured and organized discussion on this critical topic.
Agenda for the Committee on Budget Hearing
The agenda for this committee hearing titled “Investing in the Future: Safeguarding Municipal Bonds from Climate Risk” will be to consider how to protect municipal bonds from the risks associated with climate change. Municipal bonds are financial instruments issued by local governments to fund infrastructure projects, such as roads, bridges, and schools. Given the increasing frequency and severity of climate-related events, such as hurricanes and wildfires, it is crucial to discuss strategies for safeguarding these investments.
Discussion Topic: “Investing in the Future: Safeguarding Municipal Bonds from Climate Risk”
The focus of the committee hearing will be on discussing and exploring ways to protect municipal bonds from climate-related risks. Climate change poses a significant threat to infrastructure investments, and the potential impacts include increased maintenance costs, physical damage, and decreased economic productivity. It is crucial to develop strategies and policies that can mitigate these risks and ensure the long-term stability and viability of municipal bonds.
List of Witnesses Testifying at the Hearing
The committee hearing will feature a panel of expert witnesses who will provide their insights and expertise on the topic of municipal bonds and climate risk. The witnesses include:
- Mr. Thomas G. Doe: President and Founder of Municipal Market Analytics
- Ms. Megan N. Kilgore: City Auditor of Columbus, Ohio
- Dr. Chris Hartshorn: Advisor at Zeus AI
- Dr. Matthew Kahn: Provost Professor of Economics and Spatial Sciences at the University Of Southern California
- Dr. Eric Leeper: Paul Goodloe McIntire Professor in Economics at the University Of Virginia
Diverse Panel of Experts Provide Insight on Municipal Bonds and Climate Risk
The panel of witnesses for the committee hearing represents a diverse range of expertise and perspectives. Mr. Thomas G. Doe, as the President and Founder of Municipal Market Analytics, brings valuable insights from the financial sector. Ms. Megan N. Kilgore, as the City Auditor of Columbus, Ohio, can provide insights from a local government perspective. Dr. Chris Hartshorn, as an advisor at Zeus AI, can offer insights on the technological aspects of climate risk. Additionally, Dr. Matthew Kahn and Dr. Eric Leeper, as esteemed professors in economics, bring their expertise on the economic and spatial implications of climate risk. Together, these witnesses will offer valuable insights and recommendations for safeguarding municipal bonds from climate-related risks.
In conclusion, the upcoming committee hearing on January 10, 2024, presents an opportunity for members of the Committee on the Budget to discuss and explore strategies for protecting municipal bonds from climate-related risks. The witnesses, each with their unique expertise and perspectives, will provide valuable insights into this crucial issue. By addressing the challenges posed by climate change, the committee can work towards safeguarding investments for the future and ensuring the resilience and sustainability of municipal bonds.
Analyst comment
Neutral news. The market impact will depend on the recommendations made by the witnesses. If effective strategies are discussed, it could lead to increased confidence in municipal bonds and potential investment opportunities. However, if no concrete solutions are proposed, it may cause uncertainty in the market. Overall, investors will closely monitor the outcomes of the hearing and adjust their strategies accordingly.
