In support of bond offerings, bond refundings and other financing mechanisms (e.g., TIFIA loans), SB Friedman prepares detailed annual tax increment/sales tax/project-related revenue projections over the life of a special district or anticipated financing term. The formal feasibility study, required for such financing mechanisms, includes substantial supporting documentation, including historical data on the special district, demographic and market trends, top taxpayers and industries within the special district, recent and planned development, and potential risk factors and sensitivity analyses. Our study is included in the official statement for the bonds, providing third-party independent support of the revenue anticipated to be available over time to repay debt service. SB Friedman works closely with underwriters, bond counsel, issuers and other entities involved in bond issuance.