Local School District Funding Program

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 now more frequent use of 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, including the information necessitated by the activities and oversight of the mandated Citizen's Oversight Committee.

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, where applicable, 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.

COPS, Lease Revenue Bonds & Lease-Purchase Financing

As a top ranked Certificates of Participation (COP) advisor, CFS has extensive experience with lease-backed financings such as COPs and Lease Revenue Bonds. CFS' two lead bankers have a combined 35 years experience in the lease and municipal securities industry and have completed more than $3 billion of California COP and Lease Revenue Bonds throughout their careers, including over $2 billion at CFS.

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