By Taylor Budrow, CFA® - Senior Credit Analyst at Public Trust Advisors, LLC This article first appeared in California Special Districts magazine, July/August issue. The primary role of the Public Trust Advisors Credit Team (Credit Team) ( California CLASS Investment Advisor and...
Monterey County Mosquito Abatement District Celebrates New Facility Funded Through CSDA Finance Corporation In April, the Monterey County Mosquito Abatement District (MCMAD) www.montereycountymosquito.com celebrated a major milestone with an Open House and Ribbon Cutting Ceremony at their...
This article first appeared in California Special Districts Magazine, March-April issue, Money Matters section. By Ian Berg, Eide Bailly Special District Advisory Services The foundation of a successful government district is embedded in guiding policies. In particular, financial...
This article was originally published in California Special Districts Magazine , January-February 2023 issue. In June 2022, the San Miguel Consolidated Fire Protection District closed a $25.9 million lease financing with First Foundation Bank at an interest rate of 3.99%. The proceeds of...
By Ian Berg, CPA, Special Districts Consulting Senior Manager It’s no secret that many pension plans are underfunded by government agencies throughout California. With fewer assets than liabilities, these underfunded pension plans are not projected to have enough money to pay out...
Co-authored by Sara Mares, Director, NBS; and Rick Brandis, Managing Director, Oppenheimer & Co. Inc. The Community Facilities District (CFD) may be the most flexible funding and financing tool available to California’s local governmental agencies. This flexibility is demonstrated by...
Nevada County Consolidated Fire District (NCCFD) recently purchased a $310,000 water tender with the help of CSDA Finance Corporation . NCCFD, a full-service emergency response agency covering 143 square miles of residential, commercial, industrial, and rural areas, submitted a simple online...
McKinleyville Community Services District (MCSD) in Humboldt County has over 6,700 active water customers with a projected growth rate of four percent per year. The district purchases its wholesale supply from the Humboldt Bay Municipal Water District (HBMWD). Last year, the district reached out...
Last year, a new record was set for the total volume of municipal bond issuance. Over $474 billion in municipal bonds was issued by state and local governments taking advantage of historically low interest rates while making up for lost revenue related to COVID shutdowns. With interest rates...
The devastating fire season of 2020 had an impact on many special districts in California. Beaumont-Cherry Valley Recreation and Park District in Riverside County was no exception. The Apple Fire and El Dorado Fire in nearby San Bernardino County raged in and around their park in Cherry Valley...