Public Finance

As an MSRB/SEC-Registered Municipal Advisor, We provide fiduciary advisory services to state and local governments in all areas of public finance including healthcare, housing, education, economic development, and infrastructure.

Municipal governments as well as counties, access the capital markets both directly and indirectly, through conduit financings. We serve as both a Municipal Advisor to the government officials and management to execute long-term debt strategies, as well as an interface with community stakeholders.

Governmental officials constantly face budgetary decisions that require in-depth cost-benefit analysis before allocating current budgeted funds or necessitate the imposition of new tax levy. We assist in this decision-making process by producing industry-specific risk/return analyses and financial forecasts. If long-term funding is required, our options may include G.O. bonds, dedicated tax bonds, revenue bonds and tax increment financing.

When the timing of governmental outlays requires expedited cash flow, We can structure note financings to provide immediate funding of necessary community services. For example, when school districts require funding in advance of tax collections and budget distributions, we can structure short-term tax-exempt notes, which rely on future revenue or bond “take-outs,” such as RANs, TANs, and BANs. We guide elected officials and managers through both state financing process and local any necessary local approvals.

Our public finance services extend to nonprofits, pseudo-governmental agencies, and higher education institutions for all levels of economic development planning and financing.

Products and Services

• Analytical

  • Investment Risk/Return Analysis.
  • Financial Forecasting.
  • Debt Capacity.
  • Revenue Enhancement.
  • Asset Evaluation.
  • Demographic Reviews and Market Studies.
  • Economic Impact Assessment.
  • Strategic Planning.
  • Sector-Specific Technical Analyses.

• Government Finance

  • Tax Increment Districts.
  • Ballot Measures.
  • Mill Levies.
  • Sales Tax Allocations.
  • Taxpayer Outreach.

• Municipal Bond Advisory

  • Creditworthiness Evaluation.
  • Rating Agency Process.
  • Public Sale v. Private Placement Assessment.
  • RFP Process for Bankers, Attorneys, and Third-Party Consultants.
  • Interest Rate and Market Review.
  • Debt Pricing and Execution.
  • Manage Bondholder Relations and Disclosure Postings.

• Ongoing Services

  • Capital Planning.
  • Covenant Compliance Oversight.
  • Debt Management and Policy Development.
  • Review of Investment Opportunities.
  • Sector Specific Professional Education.