Insights

As school districts across the state look to bridge budgeting gaps and cash flow challenges, many are turning to Tax Anticipation Notes (TANs) to cover operational needs ahead of the new budget year. These short-term financing tools can be an effective solution to bridge the gap between now and the arrival of tax revenues in … Continued

Artificial intelligence (AI), or machine learning, is rapidly transforming industries across the globe — and public sector finance is no exception. For counties, cities, municipalities, and other public entities, AI presents a powerful opportunity to enhance the management of public funds, streamline treasury operations, and improve investment outcomes. As stewards of taxpayer dollars, public finance … Continued

Too many times the terms “custody” and “safekeeping” are used interchangeably, these services differ significantly. Local government investors should understand these distinctions and select the service level that best meets their needs. As we know, the priority for government investment management is the safety of public funds. A critical safeguard against fraud is the separation … Continued

For the past few years, the Federal Reserve has steadily raised interest rates to combat post-pandemic inflation, a process that has taken longer and has required higher rates than initially anticipated. This in part has led to an inverted yield curve, where shorter-term or cash investments have a higher yield than longer-term treasuries. However, we … Continued

Navigating the complexities of arbitrage rebate is crucial for any borrower involved in tax-exempt and tax-advantaged debt. Established by the Internal Revenue Code of 1986, these rules aim to prevent the abuse of tax-exempt borrowing — a subsidy from the federal government intended to be used responsibly. In recent years, the financial landscape has seen … Continued