The Municipal Bond Market Post Tax Cuts and Jobs Act

The Municipal Bond Market Post Tax Cuts and Jobs Act

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.

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What Is the Difference Between a Proposition 39 and Proposition 46 General Obligation Bond Election?

What Is the Difference Between a Proposition 39 and Proposition 46 General Obligation Bond Election?

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.

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Keygent LLC Ranked Among Top California Education Municipal Advisors in 2016

Keygent LLC Ranked Among Top California Education Municipal Advisors in 2016

Keygent 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.

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