Extreme Weather Events and Public Finance

April 19th, 2023|

Extreme weather events could have increasing impacts upon local governmental agencies’ tax base, including utility revenues, property and sales taxes, license and permit fees. As part of long-term financial forecasting efforts, public agencies should examine and plan for these [...]

Last-Minute Tips on GASB 87 Implementation

March 22nd, 2023|

Spanning our 170+ clients, we're hearing one common theme: implementing GASB 87 is delaying audits. Whether you're nearly done closing the books on FY 2022 or just starting the CY 2022 audit process, this NHAlert outlines three common methods [...]

CalPERS Commentary: “The Mountain Peak Returns”

January 30th, 2023|

NHA’s January 2023 NHAlert relates to a resurging financial challenge – pensions. Despite very strong CalPERS investment returns in FY 20-21, the negative investment returns in FY 21-22 may mean that the dreaded “mountain peak” of payments is set to return. NHA feels [...]

Pension Bonds – Heavy Issuance Continues… But Are Headwinds Ahead?

December 1st, 2021|

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.

Pension Costs The Everchanging Landscape

November 10th, 2019|

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.

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