Featured Municipal Bond Issue, Week of July 9th, 2018: Suffolk County Water Authority Revenue Bonds – $100 Million

Suffolk County Water Authority Issuing $100 million in tax-exempt revenue bonds the week of  the week of July 9th, 2018. Security for the bonds is payable solely from net revenues of the water system. The date of sale for the bonds is July 17, 2018 at 11:00 a.m. EDT. The issuance is a competitive sale.

Details on purposes, tax-status, security, as well as other matters pertaining to these Suffolk County Water Authority revenue bonds can be found in the preliminary official statement, available on MuniOS.

Suffolk County makes up the easternmost part of the New York-Newark-Jersey City Metropolitan Area. As of May 2018, the New York metro area has an unemployment rate of 3.5%, which is 0.3% lower than the U.S. rate in May.

You can find 10-year employment and labor force trends for all 50 states and each Metropolitan Statistical Area in the U.S. in our Employment Database, and more labor sector growth and compensation data on our Job Market page.

Provided at left (click to expand) is a quick snapshot of financial characteristics of Suffolk County Water Authority. as of 05/31/2017, compared with the 2016-2017 medians for other water utilities, courtesy of Merritt Research Services, LLC. Merritt has many of the sector medians publicly available and regularly updated on their Benchmark Central page. (Merritt believes the data to be reliable but does not make any representations as to its accuracy or completeness)In addition to the Merritt information related to the featured bond, more information can be found on our municipal bond calendar, city, state, and county pages, and our employment database.

These facts and numbers are for informational purposes, and should not be considered an official disclosure for potential investors. Investors should consult the official statement. None of the information provided should be construed as a recommendation by MuniNet Guide, MuniNet LLC, Merritt Research Services LLC, or any of their employees. Information and analysis is for informational purposes only.

by Jeffrey L Garceau