In Q3 2025, a new issuance of municipal bonds exceeded the average seen in the past few years, driven by a 34% YoY surge in July issuance, per Bloomberg. Over the quarter, Franklin California ...
It was an atypical macro backdrop, as economic activity defied expectations for a slowdown despite clear signs of labor market deceleration. Major asset class returns were largely positive, with ...
Income from California real estate is always California-source income. Income from tangible property is California-source income if it was physically located in California.
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