California K-14 districts can elect to have their bonds approved under proposition 39 or Proposition 46. Selecting Proposition 39 or Proposition 46 for a bond election could be a political, facility-related, financial, or timing decision, among others.
Read MoreMunicipal bonds are investments purchased by all types of investors such as “mom and pop” retail, banks, money managers, investment advisors, hedge funds, insurance companies, and even
governmental agencies. Municipal bonds are typically sold under one of three sale methodologies: competitive, negotiated and private sales.
Many municipalities had utilized tax-exempt advanced refundings for debt service savings through interest cost reductions and debt restructuring. The loss of this valuable tool is a blow to the many agencies who acted as good stewards of their limited repayment resources. The beneficiaries of these savings ranged from taxpayers to operating budgets to obligors of the debt. While districts may still advance refund bonds, they now have to do so with taxable bonds, and taxable bonds are more expensive than tax-exempt bonds.
Read MoreKeygent LLC Ranked Among Top California Education Municipal Advisors in 2016 Keygent LLC (“Keygent”) completed 39 California K-14 municipal bond financings totaling $1,896.4 billion in 2016, according to Thomson Reuters. Keygent is proud to serve California public education as an independent financial advisor.
Read MoreMost kids don’t know what they want to do when they grow up. However, from an early age I was exposed to the financial services industry from my parents, and because of this, I became interested in this field. As a business major, getting a summer internship at Keygent was a huge opportunity.
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