Insights

Each year, Texas municipalities receive significant cash inflows during property tax season, typically between December and March, driven in part by early payment discounts. These inflows often represent a substantial share of annual revenue and create temporary cash surpluses that, when managed strategically, can generate additional interest income while preserving liquidity for essential services such … Continued

Each year, Florida municipalities receive significant cash inflows during property tax season, typically between November and March, driven in part by ad valorem collections and early payment discounts. These inflows often represent a substantial share of annual revenue and create temporary cash surpluses that, when managed strategically, can generate additional interest income while preserving liquidity … Continued

If 2025 felt strange but manageable, 2026 is shaping up to feel different in a more meaningful way. The last few years rewarded simplicity: hold cash, earn solid interest, and rely on assumptions that mostly held from one year to the next. That playbook worked, and now it’s starting to break down. Rates, inflation, politics, … Continued

November marked the end of the longest government shutdown in U.S. history, lasting 43 days, ending with President Trump signing a bipartisan continuing resolution bill to reopen federal agencies and fund operations through January 30, 2026. Even though the shutdown ended mid-month, the volatility and uncertainty carried through November. Intense pressure mounted to resolve the … Continued

As school districts across the state look to bridge budgeting gaps and cash flow challenges, many are turning to Tax Anticipation Notes (TANs) to cover operational needs ahead of the new budget year. These short-term financing tools can be an effective solution to bridge the gap between now and the arrival of tax revenues in … Continued