CARB ACF Regulation and Local Government
The new CARB ACF legislation passed April 2023 will [...]
Extreme Weather Events and Public Finance
Extreme weather events could have increasing impacts upon local [...]
Last-Minute Tips on GASB 87 Implementation
Spanning our 170+ clients, we're hearing one common theme: [...]
CalPERS Commentary: “The Mountain Peak Returns”
NHA’s January 2023 NHAlert relates to a resurging financial challenge [...]
Pension Bonds – Heavy Issuance Continues… But Are Headwinds Ahead?
Since the beginning of 2020, over $7 billion of bonds have been issued to restructure CalPERS UAL by approximately 78 different local agencies. About 60 of the issuers have utilized a traditional POB bond structure, with others using a lease or alternative revenue bond structure. 56 of the transactions utilized a public offering sale, with the remainder using a private placement.
SEC Requires Event Notices for Certain Equipment Leases
Most issuers of publicly offered municipal debt are now aware that the U.S. Securities and Exchange Commission (“SEC”) amended Rule 15c2-12 (effective February 27, 2019) to expand the list of reportable events (increasing from 14 to 16).
NHA Advisors has a New Team Member
The NHA Advisors Team is excited to announce that Leslie Bloom has joined the firm as a Vice President.
Pension Costs The Everchanging Landscape
Our latest NHAlert on the Everchanging Landscape of Pension Costs discusses our approach (and key questions to ask) to evaluating pension bonds and the re-investment/market timing risks associated with them.
Corcoran Fiscal Sustainability Report and 1% Sales Tax Measure
In 2016, NHA worked intensively with the City of Corcoran’s finance staff and the City Manager to undertake a comprehensive “Fiscal Sustainability Report,” which laid the groundwork for attaining ballot measure support from residents and council members in order to approve a 1% increase in sales tax to help bolster the city’s struggling operations.
Berkeley Center Street Parking Garage Project
NHA helped the City of Berkley build a brand new, $45million modern, and “green” downtown parking garage that financed through a combination of cash reserves and parking revenue bonds.