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Best practices for public sector procurement typically require some sort of competitive bidding process for basic goods and services. So why is it that one of the largest expenditures a school district makes other than payroll, namely interest on debt, is typically acquired with little or no competition? Interest rates are one of the most simplistic commodities out there, yet schools usually sell their debt (aka buy interest rates) through negotiated arrangements with bankers with little or no competition added to the process.

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Greg Van Wagnen has been awarded the 2018 Ryan Bendzinki Young Leaders Award. The Award is presented annually to a municipal advisor who shows leadership qualities and a commitment to the MA profession. It is named after Ryan Bendzinski who was a rising star in NAMA, and served with his father in the firm that his grandfather founded in Michigan, Bendzinski & Company.

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For those in the process of preparing bond issues - Either for new projects or to refund prior bond issues for savings - once all the preparation is completed, there will undoubtedly be a big sigh of relief knowing all the work is done. Well, hold on. The most important part is yet to come.

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Sudsina & Associates, Inc. - Municipal Advisors

Sudsina & Associates, Inc.