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' in~remenf (From Page 1) BOND ¥OLUItE RECORD Local use of this financing tool ls based on an establ Ished tax Increment financing plan. The plan Is Intended to help the city address the fol lowlng questions: What are the objectives for using tax Increment flnanclng? What projects should be undertaken to meet these objectives? Are these uses of tax Increment financing permissible under state law? Are the projects financially feasible given the amount of tax Increment that will be available? You might not think of a financial adv Isor as a resource for the preparation of a tax Increment plan, but only as the one you bring into the project when you want to sell bonds. Public Financial Systems wants to change your concept of where to look for tax increment advise and assistance. Public Financial Systems offers a complete tax Increment f Inanc lng assistance service. We can take your project from plan development through Implementation of the f lnanclng package. Most firms working In this field do only parts of the tax Increment process. Our full service approach has several advantages: Your plan will work. The ~ork will be done efficiently. The total cost of the advisory services will be lower. Having one firm handle the complete tax Increment planning and financing process insures the most efficient approach. You (Please see Increment, Page 3) Did you Issue bonds In October? If you dld then you helped to set a new record for new tax-exempt debt issued during a single month. More than $11 blllion in state and local government bonds were sold In October. Accordlng to The Bond Buyer, this marks the first tlme that more than $10 b l I lion In munlclpal bonds have been Issued in one month, The prevlous record volume of $9,95 bill ion occurred In November 19§2. The unusually large volume was not caused by an Increase In the number of bond Issues, but by an Increase In the slze of the Issues. Only three more issues were sold In October 1984 than In October 1983. However, the average slze of the 1984 Issue was $22 bill ion, compared with less than $14 blll lon In 1983. So far in 1984: · Bond sales are keeping pace with last year's record volume. The $68~69 bllllon In 1984 bond sales Is slightly ahead of the 1983 total for this period. · The volume of bond Issues has decreased. Through October, 16% fewer Issues had been sold than in the same period one year ago. · 3,677 cities have sold bonds. SUMMARY OF NEW LONG TERM DEBT Year To Date School $7.2 Water/Sewer 4.5 Industrial Aid 1.0 State/Municipal Housing 14.9 Transportat I on 5.0 Gas/El ectr lc 9.9 Hosp lta I 7.6 Poi lutlon Control* 4.8 Other 13.8 TOTAL: $68.7 ~Both Industrial & Nonindustrial Source: The Bond Buyer