Financing Strategies
Financing Strategy
We will develop a custom-tailored financing program through our ability to fully understand the current financial situation, allowing us to outline an action plan to help you accomplish your goals.
Financing strategies generally fall into two categories, General Obligation Bond issues or Capital Facilities Lease financing. General Obligation Bonds are the most common way of financing a capital project. They require either a 4/7 (57.14%) or 2/3 (66.67%) majority voter approval depending on the election date.
L. J. Hart & Company is adept at assisting clients in selecting the type of financing that is best suited for them. When a General Obligation Bond issue might not achieve the necessary voter approval, a levy election for a Capital Facilities Lease financing, requiring only a simple majority vote, may be the key to success.
Election Results
Through the L.J. Hart & Company Way, we develop attractive financing plans that minimize tax increases and enhance future flexibility. These key features solve many problems when seeking voter approval and are essential for election success.
| Type of Election | On Ballot | Passed | Percentage Passed |
|---|---|---|---|
2025 | |||
| No-Tax Rate Increase | 36 | 32 | 89% |
| Tax Rate Increase | 22 | 7 | 32% |
| Total | 58 | 39 |
|
2024 | |||
| No-Tax Rate Increase | 52 | 44 | 85% |
| Tax Rate Increase | 20 | 13 | 65% |
| Total | 72 | 57 |
|
| Percentage of Total Passed |
|
| 79% |
2023 | |||
| No-Tax Rate Increase | 35 | 33 | 94% |
| Tax Rate Increase | 17 | 8 | 65% |
| Total | 52 | 41 |
|
| Percentage of Total Passed |
|
| 79% |
2022 | |||
| No-Tax Rate Increase | 34 | 34 | 100% |
| Tax Rate Increase | 18 | 13 | 72% |
| Total | 52 | 47 |
|
| Percentage of Total Passed |
|
| 90% |
2021 | |||
| No-Tax Rate Increase | 20 | 17 | 85% |
| Tax Rate Increase | 16 | 7 | 44% |
| Total | 36 | 24 |
|
| Percentage of Total Passed |
|
| 87% |
Completed Financings
View completed financing data from across Missouri, Illinois, Wyoming and South Dakota.