Strategic Options for Bond Refinancing — There are a number of good reasons to refinance outstanding bond issues, but the most obvious one is to save money.
Second Quarter Deadlines — As you make plans for the next few months, here’s a refresher on certain upcoming deadlines that may pertain to your local government.
Did the State Cut Your Budget? — By now, many taxing units have received 2013 certified budgets from the State. If you are among the units that have unexpected cuts, there may be a way to restore some, or all, of your budget.
Sequestration – What Does it Mean to Schools and Local Governments — When we explored the potential effects of sequestration on bond interest rates for school districts and municipalities throughout Indiana in the October 24, 2012 issue of Footnotes, sequestration was a term most people hadn’t heard much about. We are certainly hearing about it now.
Municipal Bonds and the Path to a Successful Sale — Many local government units rely on selling bonds to finance major projects. Last year, 10,556 bond issues were sold in the United States with a total volume of nearly $300 billion.
Can You Keep Your Excess Levy? Maybe… — In a time of tax caps and delinquent property tax payments, it is rare to collect more than the certified property tax levy amount that appears on your budget order, but it does occasionally happen.
As Municipalities Consider Annexation, the Laws Could be Changing — We saw a number of annexation efforts in 2012, and that trend will probably continue in 2013.
Use Source Data When Reviewing Your 1782 Notice — This is the time of year when taxing units receive a Notice of Final Budget Recommendation (commonly referred to as the 1782 Notice) from the Department of Local Government Finance (DLGF). The 1782 Notice is a preliminary budget determination and not a final budget certification.
Ready to Finance Your Long-Term Control Plan Projects? — Many communities are facing the overwhelming costs of remediating combined sewer overflows (CSO) in conjunction with their Long-Term Control Plans (LTCP).
Water Utilities Subject to New Reporting Requirement in 2013 — The Indiana Utility Regulatory Commission (IURC) and various trade associations were very proactive this past fall to inform water utilities about new reporting requirements. The new reporting is in response to a 2011 Water Resources Study Committee report that recommended compiling a statewide inventory of water resources and developing a comprehensive plan for water and wastewater needs.
Think Long Range About School Pension Bond Refunding Options — In the November 28 issue of Footnotes we discussed how school districts can take advantage of temporary reductions in the school pension debt neutrality requirement in 2013-2015 to manage their total school tax rates and levies.