Resources & Articles

Cost Management Strategies in Focus as Payment Volatility Remains By Mike Meyer, Vice President, NHA Advisors This article is a brief excerpt. The full article can be found here: https://nhaadvisors.com/calpers-beats-target/ . The 4-page PDF can be downloaded from this link. In July 2024, CalPERS announced preliminary investment returns of 9.3% for the fiscal year ending June 30, 2024. Despite this most recent year’s returns outpacing the discount rate of 6.8%, the 20-year annualized average return dropped from 7.0% to 6.2% and the 10-year annualized average return from 7.1% to 6.7%. read more

By Jillian L. Christiansen, Kutak Rock LLP Special districts in California are authorized by various state statutes to issue tax-exempt bonds [1] to finance certain governmental projects. This means the interest paid on the tax-exempt bonds to the bondholders will be excludable from gross income for federal income tax purposes and for California personal income taxes. Special districts can finance the acquisition, construction, and improvements of a variety of facilities using tax-exempt bonds. Examples of recent projects that have been financed with tax-exempt bonds by California read more