Ohio Treasurer’s COVID-19 Community Response Initiative: A Virtual Forum with Robert Sprague

Treasurer Sprague and Jonathan Azoff will be discussing the Ohio Treasurer’s COVID-19 Community Response Initiative. COVID-19 has brought on no shortage of new challenges for local governments across Ohio, including unexpected revenue shortfalls. Recent deadline extensions for state income tax payments and certain county property tax payments may present temporary cash flow challenges at the local level. The issuance of tax anticipation notes is one option available to local governments, including school districts, to ease liquidity strain, allowing them to accelerate fiscal year cash flows and address temporary shortfalls caused by delayed revenue. To make access to capital markets both easier and cheaper, the Treasurer’s office introduced the COVID-19 Community Response Initiative to sponsor a pooled short-term note issuance for all local governments wishing to participate.

Following the discussion of the Ohio Treasurer's COVID-19 Community Response Initiative, the Treasurer will do a live Q&A.