Impact of COVID-19 on Municipal Authorities & Considerations on How to Move Forward
The impact of COVID-19 has caused a concern among municipal authorities regarding anticipated loss of revenues associated with non-consumption of services. Consequently, many PMAA members have reached out asking what options they have at their disposal should they require financial relief.
The current challenges posed by the coronavirus pandemic present a completely new and nationwide threat to authorities. The combination of multiple factors has raised the question from many within PMAA…
“What can we do to prepare for the loss of revenue that we may experience?”
Some of the topics discussed during this session are:
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Revenue Anticipation Notes (“RAN”)
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Debt Restructuring
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Unfunded Pension Liability
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Cash Flow Projections
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Update on Recent Financial Market Conditions
Please join us as we provide details on options authorities have to address COVID-19-related cash flow problems as the economic picture continues to evolve.
Presenter:
Jamie Schlesinger, Director
PFM
Jamie Schlesinger is a director in PFM’s Malvern office. He joined PFM’s financial advisory practice in 2013, but has served as a financial advisor since 1999. Jamie’s concentration is local governments in Pennsylvania, New Jersey and Delaware. Jamie works with over 100 municipalities, authorities, school districts, community colleges and counties.
His experience includes capital planning and structuring tax-exempt and taxable bond issues, bank loans and bond pools.
Jamie’s knowledge in the local government sector has provided his clients with several unique financing alternatives and structures to adjust to a constantly changing municipal market.