We’re facing an infrastructure crisis in this country. Many of our roads are crumbling, some of our bridges are unsafe, many schools are underfunded and our transit systems are aging and often overcrowded. Things are so bad that the American Society of Civil Engineers recently gave the United States a D+ rating in terms of infrastructure.
Matt PosnerJoin Me at GFOA to Talk Infrastructure Financing
This week, Neighborly is interviewing Paul Rosenstiel, board member of the California State Teachers’ Retirement System (CalSTRS) Previously, Paul served as managing director at Stifel and managing partner of the San Francisco office of De La Rosa & Co From 2007-2009, Paul served as Deputy State Treasurer to Bill Lockyer in California
Paul helped manage the State of California’s issuance of bonds during a national financial crisis This proved to be a challenging time - one that offered learning experiences that Neighborly wanted to hear all about!
What does a Deputy State Treasurer do? How did you first get involved on this side of public finance?
After more than 20 years as a public finance banker, I joined Steve Westly’s campaign for governor in 2006 as his policy director After Steve lost in the primary, I joined Bill Lockyer’s campaign team.
Lily ChandrasekherHow the Financial Crisis Improved the Municipal Bond Market
Issuing municipal bonds isn’t just a simple matter of asking for money in exchange for a promised interest payment and return of principal. For example, if a school district issues bonds to the people, it needs to keep them apprised of its financial happenings – and those news updates are called disclosures.
Financing the places we love should be simple. Right?
Imagine we could learn from the past two decades of the internet and the benefits of information becoming freer than ever before. From how that freedom has benefited healthcare, software and now even artificial intelligence.
That’s where we’re going. But first let's talk about where we are.
RodrigoBuilding a Data Community for Public Finance
Neighborly recently participated in a discussion with Colin MacNaught, the architect of MassDirect Notes, a program providing investors with direct access to new-issue general obligation bonds in Massachusetts, and Tim Schaefer, Deputy Treasurer of Public Finance for the State of California. Hosted by the California Debt Investment Advisory Commission, we discussed the future of public finance and increased transparency and liquidity in this marketplace.