Tax Anticipation Note and Bond Private Placement Financing Program

About the Program

Category: Financial Management (Best in Category)

Year: 2015

The Maricopa County Treasurer’s statutory mandate is to collect, invest, and disburse taxpayer funds. The duty to invest county money is guided by three principles in order of importance: maintain safety of principle, provide adequate liquidity to meet financial obligations, and generate a return on investment. The Maricopa County Treasurer’s internal investment policy, approved by the Treasurer’s Advisory Board (TAB), reflects these values. The Office is customer oriented and strives to increase the value of its services to the community. Nothing aligns with this vision better than the development of the school district’s Tax Anticipation Notes (TAN) and bond private placement financing programs. These programs are designed to lower school district’s financing costs and have contributed $4.5 million to date in savings to schools.