COVID-19 Municipal Debt Resource Archive
CDIAC and our allied public finance organizations are supporting our public finance officials through producing a wide variety of municipal finance topics made critical by the pandemic. The COVID-19 Municipal Debt Resources webpage is the primary resource for COVID-19 information that relates to municipal debt and this is an archive of resources once available on the primary page.
Follow the links below to jump to sections within this page.
Last Updated: August 7, 2020
Webinars
An archive of webinars that havefree material available are posted below.
Housing Finance Agencies Update, Impact of COVID-19: Where are we now?
Moody’s | June 25, 2020 | Replay
FEMA Disaster Funding: Counting Every Dollars
CASH | June 18, 2020 | Replay | Slides
Spotlight on Transparency: A Discussion of Secondary Market Municipal Securities Disclosure Practices
U.S. Securities and Exchange Commission | June 17, 2020 | Replay
Local Government Credits through the COVID-19 Crisis: Local Governments
Moody’s | June 11, 2020 | Replay
Local Government - The Road Ahead
CSMFO | June 4, 2020 | Replay
Weekly Development Finance Briefings
CDFA | Every Friday Through May 29, 2020 | Fridays at 10:00 - 11:00 PT | Cost: Free | Replay
COVID-19: Resetting Your Agency's Budget and Long-Term Plan
CSMFO | May 21, 2020 | Replay
Durability of Municipal Credit
Moody’s | May 21, 2020 | Replay
Update – Coronavirus Impacts on US States and Local Governments
Fitch Ratings | May 20, 2020 | Replay
SEC Statement on COVID-19 Disclosure
GFOA | May 15, 2020 | Replay
Rising Pension Liabilities to Inflict Municipal Credit Damage
Moody’s Investors Service | May 14, 2020 | Replay
KBRA Macro Perspective Series: Public Finance - Can We Afford This?
Kroll Bond Rating Agency | May 13, 2020 | Replay
COVID-19 Disclosures: How Health Care Borrowers Can Navigate Financial Reporting in an Uncertain Environment
Orrick | May 8, 2020 | Replay
COVID-19: Forecasting and Managing Expenditures
CSMFO | May 7, 2020 | Replay
Fiscal First Aid Treatments and When to Use Them
GFOA | May 4, 2020 | Replay
Anticipating Federal COVID-19 Assistance State Budget Challenges and the Economy
Coalition for Adequate School Housing (CASH) | April 30, 2020 | Replay
COVID-19 and Not-for-Profit Healthcare Ratings
Moody’s Investors Service | April 30, 2020 | Replay
State and Local Governments and COVID-19: How to Plan for Today and Prepare for the Future
Grant Thornton | April 16, 2020 | Replay
Short-Term Debt of US States, Municipalities and Nonprofits
Moody’s | April 16, 2020 | Replay
Assessing Risks Related to Cyber Crime
GFOA | April 15, 2020 | Replay
Detecting and preventing fraud in the age of COVID-19: What you need to know
Grant Thornton | April 9, 2020 | Replay
Rating Agencies Speak on COVID-19
Bond Buyer and Orrick | April 7, 2020 | Replay
All U.S. Public Finance Sector Outlooks Are Now Negative
S&P Global Ratings | April 2, 2020 | Replay
Weekly COVID-19 Development Finance Briefings
CDFA | March 27 through May 29, 2020 | Replays
Weekly COVID-19 Development Finance Briefing #1
Council of Development Finance Agencies (CDFA) | March 27, 2020 | Replay
Coronavirus Effects for U.S. States and Local Government
Fitch Ratings | March 26, 2020 | Replay
SEC Q&A on Continuing Disclosure Plus EMMA Website Enhancements
MSRB | March 19, 2020 | Replay
Podcast: COVID-19 and Operational Resiliency
SIFMA | March 18, 2020 | Replay
Managing Cash Flow in a Crisis: How to Quickly Build a Working Cash Flow Model
GFOA | April 24, 2020 | Replay
COVID-19: Best Practices for Analyzing Revenue and Cash Flows
CSMFO | April 23, 2020 | Replay
COVID-19: Acting Early to Flatten the Financial Curve
CSMFO | April 15, 2020 | Replay
Financial Scenario Planning - Visualizing and Strategizing for Uncertain Times
GFOA | April 8, 2020 | Replay
Financial Decision-Making Under Uncertainty
GFOA | March 27, 2020 | Replay
2020 Post-Issuance Compliance Webinar: COVID-19 and Tax Exempt Debt
BLX/Orrick | March 24, 2020 | Replay
Resources
Recent free resources that relate to California municipal debt are posted below in the order of date published.
Municipal Liquidity Facility (MLF) and CARES Act
Coronavirus (COVID-19): CARES Act Offers Lifeline to Transit Systems but Is No Panacea *Registration required, but article is free
Kroll Bond Rating Agency | May 19, 2020
Federal Reserve Board announces an expansion of the scope and duration of the Municipal Liquidity Facility
Board of Governors of the Federal Reserve System | April 27, 2020
What The CARES Act Means For Credit In U.S. Public Finance
S&P Global Ratings | April 20, 2020
Bond Dealers of America (BDA) Submits Additional Comments to Fed on Municipal Liquidity Facility
Bond Dealers of America | April 15, 2020
Fed liquidity facility will help state and local governments cope with coronavirus crisis
Moody’s | April 15, 2020 | Registration required, but article is free
Coronavirus (COVID-19): Fed Provides Vital Assistance to State and Local Governments*Registration required, but article is free
Kroll Bond Rating Agency | April 15, 2020
Treasury Approves New Municipal Liquidity Facility to Aid States, Counties and Cities
McGuire Woods | April 10, 2020
Federal Reserve Takes Additional Actions to Provide Up to $2.3 Trillion in Loans to Support the Economy
Board of Governors of the Federal Reserve System | April 9, 2020
Term Sheet: Municipal Liquidity Facility
Board of Governors of the Federal Reserve System | April 9, 2020
State Budget Effects of Recent Federal Actions to Address COVID-19
Legislative Analyst’s Office | April 5, 2020
Commercial Paper Funding Facility
Federal Reserve Bank of New York
Orrick Public Finance Alert: President Signs $2.2 Trillion CARES Act
Orrick | March 30, 2020
The CARES Act Provides Assistance for State and Local Governments
U.S. Department of the Treasury
Other Articles and Reports
Coronavirus pandemic Will Accelerate and Reshape Credit Trends in Public Finance*Registration required, but article is free
Moody’s | June 30, 2020
SEC Order dated June 16, 2020 Granting Temporary Conditional Exemption to Municipal Advisors to Engage in the Private Placement of Municipal Securities
Orrick, Herrington, and Sutcliff | June 19. 2020
States Will Cut Funding, Pushing Budget Pain to Districts With Varying Ability to Cope*Registration required, but article is free
Moody’s | June 19, 2020
GFOA Debt Committee Releases Urgent Member Guidance for COVID-19 Debt Service and Disclosures
GFOA | 2020
Municipal Bankruptcy: Avoiding and Using Chapter 9 in Times of Fiscal Stress
Orrick, Herrington & Sutcliffe LLP | June 15, 2020
5 Reasons Municipals Have Rarely Defaulted
Seeking Alpha | June 11, 2020
Covid-19: State and Local Revenue Losses Adding Up*Registration required, but article is free
Kroll Bond Rating Agency | June 9, 2020
Balancing the Budget in Bad Times
GFOA | 2020
How Agencies Can Protect Fee-Funded Programs During the COVID-19 Crisis
Government Executive| May 21, 2020
Deficit Borrowing in Crisis Recovery Neutral to Negative for U.S. States & Locals
Fitch Ratings | June 3, 2020
SEC Urges Disclosure of COVID-19 Impact in the Municipal Market
Orrick | May 2020
Property tax delinquencies unlikely to hurt local governments in the near term*Registration required, but article is free
Moody’s Investors Service | May 26, 2020
Development Finance Agencies Urge Congress to Include Bond Provisions in Stimulus
CDFA | May 19, 2020
US State & Local Ratings Through the Cycle During an Economic Downturn
Fitch Ratings | May 13, 2020
COVID-19: IRS Aids State and Local Governments With Tax-Exempt Tender Bonds and Commercial Paper
McGuireWoods | May 12, 2020
State COVID-19 Actions Will Impact Property Tax and Workers’ Comp
CSDA | May 11, 2020
County Coalition Responds to Governor Newsom’s Executive Order on Property Tax Penalties
CSAC, CACTTC, RCRC, and UCC | May 6, 2020
IRS provides relief for municipal bond issuers in response to COVID-19 pandemic
Nixon Peabody | May 7, 2020
IRS Issues Revenue Procedure, Notice Providing Guidance for Private Activity Bonds During COVID-19-Related Economic Disruption
Novogradac | May 4, 2020
The Importance of Disclosure for our Municipal Markets
U.S. Securities and Exchange Commission | May 4, 2020
Coronavirus (COVID-19): Municipal Issuers’ Virus-Related Voluntary Disclosures Trend Up*Registration required, but article is free
Kroll Bond Rating Agency | April 27, 2020
SEC Forms Cross-Divisional COVID-19 Market Monitoring Group
U.S. Securities and Exchange Commission | April 24, 2020
Coronavirus (COVID-19): Sales Tax Bonds Under Surveillance*Registration required, but article is free
Kroll Bond Rating Agency | April 20, 2020
Cash Flow and Budget Relief for Local Governments and Borrowers in California>
Orrick | April 16, 2020
Clayton calls for meaningful coronavirus (COVID-19) disclosure
Nixon Peabody | April 15, 2020
CSDA TRAN Pool: Short-Term Financing Available to Bridge Revenue Gaps
CSDA | April 13, 2020
Coronavirus – US: Coronavirus stimulus will lessen economic pain, but credit climate will remain difficult *Registration required, but article is free
Moody’s | April 10, 2020
What Will the Recovery Look Like From the COVID-19 Recession?
J.P.Morgan | April 10, 2020
Taking Action for Federal COVID-19 Relief and Protecting Local Property Tax Revenue
CSDA | April 6, 2020
Joint CSAC / CACTTC Statement on COVID‐19 and the April 10 Property Tax Deadline
CSAC / CACTTC | April 4, 2020
Federal Tax Law Considerations for Financings COVID-19 Costs on a Tax-Exempt Basis: What Issuers Need to Know
Orrick | April 3, 2020
Request Executive Order Partially Suspending Revenue and Taxation Code
California Taxpayers Association (Cal-Tax) | April 3, 2020
5 Ways to protect your government agency from payment fraud
U.S. Bank | April 3, 2020
Key COVID-19 Response Strategies for Development Finance Agencies
CDFA | April 2, 2020
MSRB Publishes Summary of State and Local Disclosures About Impact of COVID-19
MSRB | April 2, 2020
Waivers, Deferrals and Changes to Tax-Exempt Bonds During COVID-19
Orrick | April 2, 2020
Coronavirus (COVID-19): Airport Balance Sheet Liquidity Crucial to Weathering the Crisis*Registration required, but article is free
Kroll Bond Rating Agency | April 1, 2020
Coronavirus (COVID-19): States Delay Income Tax Collections—Can They Afford It?*Registration required, but article is free
Kroll Bond Rating Agency | April 1, 2020
Coronavirus (COVID-19) Cross Sector Update: Fed/Treasury Partnership Goes Big, But Far Enough?*Registration required, but article is free
Kroll Bond Rating Agency | April 1, 2020
More Help Is Likely on the Way for States and Localities and the Coronavirus-caused Recession – including an Obscure Source of Federal Aid for Muni Bonds
Governing.com | March 31, 2020
Government Coronavirus Aid Has Near-Term Benefits, but Could Raise Long-Term Risks*Registration required, but article is free
Moody’s | March 30, 2020
Special Tax Revenue Will Weaken as Coronavirus Slows Economy and Travel
Moody’s | March 30, 2020 | Registration required, but article is free
Tax Filing Delays Will Hit Near-Term Liquidity for State Govts
Fitch Ratings | March 30, 2020
Default Scenarios as Coronavirus-Induced Economic Turmoil Intensifies
Moody’s | March 27, 2020 | Registration required, but article is free
Coronavirus (COVID-19): Mass Transit Bonds Backed by Sales Taxes and Gross Revenues Are a Mixed Bag
Kroll Bond Rating Agency | March 27, 2020 | Registration required, but article is free
Coronavirus-Driven Filing Extension Will Delay Income Tax Revenue, but States Have Resources to Bridge the Gap
Moody’s | March 27, 2020 | Registration required, but article is free
All U.S. Public Finance Sector Outlooks Are Now Negative
Kroll Bond Rating Agency | April 1, 2020
COVID-19 and Municipal Securities Disclosure
Orrick | March 23, 2020
Tax Issues for VRDO Liquidity Problems
Orrick | March 23, 2020
California Treasurer Fiona Ma: State Treasury Operations are Essential and Continuing
California State Treasurer Fiona Ma News Release | March 23, 2020
Coronavirus Adds Risks to Municipal Short Term Market, Prompting Credit-Positive Federal Reserve Action
Moody’s | March 23, 2020 | Registration required, but article is free
Federal Reserve Announces Extensive New Measures to Support the Economy
Board of Governors of the Federal Reserve System | March 23, 2020
Retaining the April 10 Property Tax Deadline
Coalition of California’s Local Agencies, including: League of California Cities, CSBA, CSDA, CACTTC, and CASBO | March 21, 2020
Controller Yee Reminds Homeowners: County Governments Collect Property Taxes Due April 10
Office of California State Controller Betty Yee | March 20, 2020
Coronavirus Effects Immediate for Airports; Other Sectors Less Imminently Exposed
Moody’s | March 20, 2020 | Registration required, but article is free
Coronavirus Will Have Differing Effects Across US Public Finance
Moody's | March 20, 2020 | Free article, but requires registration
Federal Coronavirus Aid Key Short-Term Boost to US States
Fitch Ratings | March 19, 2020
Coronavirus (COVID-19): Cyber Criminals Increasingly Target Municipalities
Kroll Bond Rating Agency | March 18, 2020 | Free article, but requires registration
Update: California Open Meeting Requirements Under COVID-19
Best Best Krieger Law | March 18, 2020
Coronavirus (COVID-19): Sales Tax Collections Have Strong Immunities
Kroll Bond Rating Agency | March 12, 2020 | Registration required, but article is free
Coronavirus Effects for U.S. States and Locals Still Developing
Fitch Ratings | March 12, 2020
COVID-19's Potential Effects In U.S. Public Finance Vary By Sector
S&P | March 5, 2020
CDIAC Information
Many of these organizations, companies, and professionals are regular and valued contributors to the fulfillment of CDIAC’s educational mission; however, CDIAC does not endorse any particular private company. In addition, the information presented and opinions expressed in the resources and content provided is solely that of the professionals and organizations cited. Resources are provided on this page as a courtesy, and CDIAC does not maintain or validate information provided by external organizations.
Information is frequently changing given the dynamics presented by the COVID-19 crisis. We encourage participation of the California public finance community in curating this page and welcome recommendations. Please contact CDIACEducation@treasurer.ca.gov if you would like to submit suggestions.