GENERAL OBLIGATION AND SFID BONDS
As a financial advisor for California G.O. school bonds, California Financial Services has developed considerable experience in the sale and issuance of traditional G.O. bonds and the more recent Proposition 39 G.O. bonds. CFS, however, still takes on the small and difficult situation client—even if a district has lost a previous election. Through our proven planning-based approach, CFS strives to generate less expensive solutions to facility problems, a greater number of less expensive funding sources and better, taxpayer-friendly tax structures, to increase voter acceptance for a bond measure. Our thorough process addresses many of the possible public concerns about unexplored alternative methods of funding facility needs. CFS has also developed materials and guidelines to aide School Districts in complying with the pre- and post-election requirements of Proposition 39 bonds.
CFS provides other assistance to fund all or a portion of the
construction and acquisition costs at each school site, including the
establishment of fair mitigation fees for new
homes, the selection of modestly priced architectural designs and long
range planning for growth and modernization needs. Through the
effective use of these tools, G.O. bond taxes can be reduced by 25% or
more over the run-of-the-mill general obligation bond program,
depending on the District and the projects involved.
CFS bankers work to structure tax repayment plans that reflect the
growth rate and economic situation of each community, often producing a
less expensive “tax rate,” and a more politically
approvable result. CFS has provided a general obligation bond
calculator on our website, at www.calschools.com, in order to calculate
tax rates and repayment schedules for any District in the State of
California.
CFS also maintains a special arrangement with UBS Financial Services
and Citigoup for underwriting services that can be included in our
contract. Such costs are usually included as part of CFS' master
contract, but can be separated into multiple contracts at the
District’s discretion.
COPS, LEASE REVENUE BONDS & LEASE-PURCHASE FINANCING