July 1 marks the 2027 Fiscal New Year for most municipal market bond issuers, and it will undoubtedly be another year full of challenges stemming from market dynamics, political and regulatory uncertainty, inflationary pressures and budgetary stress, transformative technologies, geopolitical risk and more. 

Against this backdrop, hear from seasoned and acclaimed municipal market experts, Tom Kozlik of Hilltop Securities and Kristen Stephens of Oppenheimer & Co., Inc. Hear about the new federal grant proposal and other impactful policy matters with Jarron Brady of GFOA.  In this interactive and always dynamic annual PhAMAS Fiscal New Year event, Tom, Kristen and Jarron will discuss current market dynamics, issuance trends, sector-specific predictions, and other insights about what will shape the market in this fiscal new year.

Register to attend live in person followed by a cocktail reception, live by Zoom, or by recorded replay.  Remember, if you are a PhAMAS member (or would like to become a member today with your registration), your attendance to this and all PhAMAS events are complimentary. 

Next up:  PhAMAS at the Phillies, September 23, 2026.

Speakers:

Tom Kozlik (PhAMAS co-founder)
Head of Public Policy and Municipal Strategy
Hilltop Securities

As Head of Public Policy and Municipal Strategy, Kozlik advises the firm’s businesses and clients on strategies related to U.S. public policy, public finance, and infrastructure. He publishes regular commentary that provide insight into current trends affecting these themes across a variety of sectors and geographic regions. Kozlik is frequently featured in print, digital, and broadcast news segments and regularly offers his expertise as a keynote speaker and panelist at industry conferences and events across the country. (Read full biography)

Kristin Stephens
Managing Director, Head of Northeast Region, Public Finance
Oppenheimer & Co., Inc.

Ms. Stephens joined Oppenheimer in 2024 following 15 years of service at UBS, most recently leading the Credit Strategy team in the Public Finance department for over five years. The group was well known for the tailored credit strategies and investor outreach initiatives provided to municipal clients across the country. During this time, she contributed to two financings which won Bond Buyer “Deal of the Year” awards, in part a reflection of the credit strategy that had been developed. (Read full biography)

Jarron Brady
Senior Policy Advocate
GFOA's Federal Liaison Center

As Senior Policy Advocate of GFOA’s Federal Liaison Center, Jarron works with coalitions and partner organizations to analyze policies relevant to GFOA members and advocate for their advancement through Congress. Additionally, Jarron supports the FLC’s Director on legislative and regulatory advocacy related to municipal bonds, infrastructure, and federal appropriations. Jarron also serves as staff on GFOA’s Debt Management Committee. (Read full biography).

Moderator:

Akiko Mitsui, CFA (PhAMAS Board Member)
Director
Fitch Ratings

Date: Thursday, July 16, 2026
Attend in-person, online, or by recorded replay for all registrants

Time: 
3:30 - 5:00 pm ET: Interactive panel discussion
5:00 - 6:30 pm ET: Reception with panelists and other in-person attendees

Location:

ZOOM or
Greenberg Traurig
1717 Arch Street, Suite 400
Philadelphia, PA 19103
(please plan to arrive early for building security)

Cost for all registrants (in-person, Zoom or by replay):

All registrants will receive a replay of the webinar that will be available for viewing for two weeks.

--Complimentary for NFMA members with PhAMAS membership
 
--$35 for NFMA members without PhAMAS membership.
 
--$50 non-NFMA members 
   (click here for information about NFMA membership including complimentary membership for students).
 
--Complimentary for representatives of government, nonprofit organizations, academic institutions, media/press, and PhAMAS sponsor organizations (Greenberg Traurig, Build America Mutual, Assured Guaranty).

Registration: CLICK HERE to register.

Please contact [email protected] with any questions.