FEDERAL RESERVE ANNOUNCES MUNICIPAL LIQUIDITY FACILITY PROGRAM

On Thursday, April 9, the Federal Reserve took actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the coronavirus pandemic.

One of the actions that the Federal Reserve is taking is geared toward helping state and local governments manage cash flow stresses caused by the coronavirus pandemic by establishing a Municipal Liquidity Facility (the “Facility”).  Pursuant to the Facility, a Federal Reserve Bank will commit to lend up to $500 billion to special purpose vehicle (“SPV”) on a recourse basis.  The SPV will in turn purchase “Eligible Notes” directly from Eligible Issuers.  The SPV will have the ability to purchase up to $500 billion of Eligible Notes.  States, the District of Columbia, counties with a population of at least two million residents, and […]

2020-05-07T17:44:11-05:00Apr 14, 2020|

Ann Lenczewski shares “Seven Tips for Successful Legislative Advocacy” in latest issue of Minnesota Cities Magazine

As Minnesota’s legislative session concluded this month, Ann Lenczewski of LGN’s State & Local Government Relations team shared “Seven Tips for Successful Legislative Advocacy” for local governments in latest issue of Minnesota Cities Magazine, published by the League of Minnesota Cities.

Ann represents a number of local governments with issues at the capitol and represents Lockridge Grindal Nauen on the League of Minnesota Cities Business Leadership Council.

2019-05-30T09:24:15-05:00May 30, 2019|

Ann Lenczewski Talks Taxes at League of Minnesota Cities Annual Conference

LGN’s Ann Lenczewski spoke at the annual conference of the League of Minnesota Cities last week as part of a session discussing the local government impacts of federal and state tax reform.

The session, “Navigating Federal Tax Reform: What Cities Need to Know” addressed questions facing cities as they prepare to deal with federal tax changes as well as how the State of Minnesota will accomplish tax conformity. These issues included the impact of limiting local tax deductions on Minnesota cities, real or perceived shifts in residential property taxes, the impacts of voter-approved levies and the future of local government aid.

Ann serves as a member of the League of Minnesota Cities’ Business Leadership Council and, as head of LGN’s Local Government Practice, assists local governments on a broad range of issues, including tax policy, local government matters, bonding requests, transportation, and strategy.

2018-06-27T12:35:54-05:00Jun 27, 2018|
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