The CSDA Finance Corporation recently helped Ladera Recreation District secure a $1.2 million loan to support the much needed renovation of their 65 year-old swimming pool facilities. The district had not utilized a privately placed bank loan before. The CSDAFC consultant team from Brandis Tallman educated the district on the process and provided crucial information on the changing market during those early pandemic months of 2020. With the assistance of the consultant team, the district had a better understanding of when to enter the market and were able to select a lender and close
Most public agencies in California are weathering the storm caused by the impacts of COVID-19, but even as we all adjust to our “new normal,” concerns over rising pension and retiree medical costs continue to remain at the forefront. For many special districts, addressing unfunded pension liabilities is one of the most significant financial challenges to be faced. Rising pension costs are daunting, and the issues are complex and nuanced. Often, special districts are without the staff resources or financial expertise needed to develop a comprehensive pension management plan. Lacking in-house
General FAQsLease-Purchase Financing FAQsLocal Agency Investment Guidelines (pdf)
Published by the California Special District Association (CSDA), this 48-page guide addresses the impact Propositions 26 and 218 have on special districts and the issues special districts should consider when adopting taxes, assessments, and fees and charges in light of these limitations. This free download is made possible by the partners of the California Special Districts Alliance – CSDA, CSDA Finance Corporation, and SDRMA.