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GO Savers

GO Savers is an innovative “pooled financing” program that assists California public agencies with issuing voter-approved general obligation bonds.
 
WHO IS ELIGIBLE?
  • Any California public agency can use the GO Savers program, including school districts, cities, counties and hospital districts
  • Participants must have received prior GO bond authorization
HOW DOES IT WORK?
  • GO Savers bonds are issued in partnership with the California Statewide Communities Development Authority (CSCDA) – a JPA sponsored by the League of California Cities and the California State Association of Counties (CSAC)
  • With GO Savers, public agencies can issue fixed-rate bonds of up to 40 years secured by local ad valorem property taxes
  • GO Savers can be used for new money and/or refunding prior bond issues to generate taxpayer savings
  • The first GO Savers public offering for five Monterey County public agencies generated proceeds of $40 million and taxpayer savings of $5.7 million
BENEFITS
  • GO Savers is a cost-effective, “one-stop shop” for issuing GO bonds at competitive public market rates
  • A larger par amount attracts a larger universe of investors
  • The economies of scale from a pooled structure means lower fees for bond/disclosure counsels, financial advisors and rating agencies than one agency could achieve with a stand-alone financing
To learn more about the GO Savers program and how it can help you click here or reach out to any of the following program representatives:
GO Savers Underwriter 
Simon Gutman

Barclays
555 California Street, Floor 30
San Francisco, CA 94104
(415) 263-4448
simon.gutman@barclays.com
GO Savers Financial Advisor for Education
Dave Olson

Public Financial Management
50 California Street, Suite 2300
San Francisco, CA 94111
(415) 393-7234
olsond@pfm.com
GO Savers Legal Counsel
John M. Palmer
Orrick, Herrington & Sutcliffe LLP
405 Howard Street
San Francisco, CA 94105
(415) 773-4246
jpalmer@orrick.com
GO Savers Financial Advisor for Cities/Special Districts
Craig Hill
NHA Advisors
4040 Civic Center Drive, Suite 200
San Rafael, CA 94903
(415) 785-2025 x2001
craig@nhaadvisors.com

FOUNDED AND SPONSORED BY
California State Association of Counties   League of California Cities