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About Melanie James

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So far Melanie James has created 9 blog entries.

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.

2021-12-01T23:50:28-08:00December 1st, 2021|

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.

2019-07-29T12:42:00-07:00July 29th, 2019|

CalPERS Discount Rate Reduction and the Impacts on Local Public Agencies

In December 2016, CalPERS (PERS) announced it will lower its discount rate (expected earnings rate) from 7.50% to 7.00%, phasing the change in over a three year period. This NHAlert highlights details on this recent change, including how the reduction will be implemented, the estimated impacts to public agencies, and NHA’s recommended next steps for addressing these impacts.

2020-09-02T17:13:10-07:00February 1st, 2017|
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