Municipalities, counties, school districts, authorities, special districts and other governmental entities have the authority, under the statutes, to issue long-term and short-term debt. General obligation bonds, bond anticipation notes and tax anticipation notes are frequently issued by governmental entities. We are frequently asked by government bodies to recommend strategies for the financing of such debt, including timing of issuance of short term debt, conversion to long term debt, and related payment schedules. We can determine tax rate impacts depending on various scenarios.

In connection with the issuance of debt, governmental entities are often required to issue Official Statements, the purpose of which is to provide certain information to potential investors relating to the issuance of the debt instruments, as well as information on the governmental entity and its financial position.

Due to the complexity of the laws and regulations that are relative to the issuance of municipal debt, Bowman & Company LLP has established a formal sub-department within the Governmental Services Department to provide our clients with the highest level of expertise available. We have professionals who are not only experienced with the preparation of Official Statements, but who will also interact with other professionals such as local attorneys, bond counsel, and ratings agencies.