>> for the last three years, if you look at moody's, s&p, they have upgraded 4-1.n downgraded. that's just because of all the covid money that's come in. five rounds of covid financing. the last round, the c.a.r.e.s. act, $350 billion came into the municipal market. >> we're running closely out of time. covid money, lots of states and cities look this money. some did good things with it, some not. california is anywhere from $48 to z 60 billion deficit. but illinois is doing good. why is illinois a good place to look for potential muni investments? >> illinois is just -- they're on the right path right now. if you look at the state, three years of budget surpluses. they have a rainy day fund for the first time since 2004, more than $2 billion. and the spreads are still there. >> excellent. dan, it's been an enjoyable conversation regarding munis. thank you for joining me. dom, back to you. >> rick, dan, thank you guys very much for that fascinating muni conversation. coming up on this show, streaming systems and shoes. sandals to be exact. we have the action, the s