TMRS Highlights from May 28 Board Meeting

By Casey Srader, TMRS Advisory Board Representative Agenda Item #1 – Consider and Act on Consent Agenda and Receive Report on Private Market Investments TMRS staff member TJ Carlson gave the Board an overview of recent major transactions, buys, liquidations, and terminations The Investment Committee approved all items. This process represents the newly adopted process … Read more

Texas Economic Development Post COVID-19

Luis Núñez, Director of Economic Development at HdL Companies in Texas, has helped local governments of all sizes and throughout the United States plan for and weather disasters and financial setbacks. Read below as Luis shares his response to questions currently facing our communities. He shares his insight on opportunities, perspectives, and resources that will … Read more

BKD: COVID-19 PPP Loan Forgiveness: What We Know

The U.S. Small Business Administration recently issued two interim final rules on Paycheck Protection Program loan forgiveness and review procedures and related borrower and lender responsibilities. Read on for an in-depth overview of these updates. (Read More)

GFOA Virtual Training Conference

Sign up to attend sessions on familiar core topics like accounting, budgeting, treasury management, and debt. The Virtual Conference will also provide programs to bring you the tools and skills you need to steer your jurisdiction through the pandemic. The sessions will be streamed May 18–June 26, 2020, and will feature leading practitioners, recognized industry … Read more

Senate Bill 2 Passed: Now What Are You Going to Do?

After years of city opposition, revenue cap legislation finally passed in 2019. In this pre-recorded webinar, you’ll learn about the basics of the new tax rate requirements and timelines, along with what your city can do to successfully manage the transition to the new property tax rate-setting process. The speakers will also discuss the major … Read more

HdL Consensus Forecast

Swift reaction to the COVID-19 pandemic by government leaders, consumers, and businesses has caused a sudden and substantial decrease in spending on certain taxable goods and services. National and state responses to COVID-19, combined with uncertainty as to the duration and scope of related economic disruption, make revenue projections during this unprecedented time especially challenging. … Read more

UMB Market Update

UMB Market Update Municipal Market Data (MMD) yields decreased 25 to 43 basis points across the curve during the week of April 6, extending a rally that started the prior week. Attractive muni/treasury ratios and three weeks of light primary market supply helped to attract a broad range of buyers. In total, $4.98 billion of … Read more

GASB Proposes to Postpone Effective Dates of Certain Pronouncements

Norwalk, CT, April 15, 2020—The Governmental Accounting Standards Board (GASB) today proposed to postpone the effective dates of provisions in almost all Statements and Implementation Guides due to be implemented by state and local governments for fiscal years 2019 and later.

In light of the COVID-19 pandemic, the Exposure Draft, Postponement of the Effective Dates of Certain Authoritative Guidance, is intended to provide relief to governments. The proposal would postpone by one year the effective dates of provisions in the following pronouncements:

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Your Direct Contact at TMRS

Dear GFOAT Members, Due to these challenging times of COVID-19, TMRS is keeping you, your employees, and your community in our thoughts and prayers.  I’d like to remind you that you have a contact at TMRS – me.  I’m available to assist you and your employees with any TMRS questions and issues anytime. TMRS is … Read more