Tallahassee city officials have found that providing secondary market disclosure through their annual report to bondholders makes sense and serves their own best interests.
Tallahassee's Annual Report to Bondholders was produced to attempt to fill this time gap between new issues of parity debt.
Prospectively, Tallahassee will include in all official statements a statement regarding the availability of its CAFR and budgets and its intent to produce an Annual Report to Bondholders. All City of Tallahassee bondholders will be sent, upon request, ongoing secondary market information and publications.
A side benefit is that the Annual Report to Bondholders has reduced the preparation time required to produce official statements.