Date
KernTax - Direct Savings to Taxpayers
KernTax is a member-supported, 501(c) 4 non-profit corporation, with the mission to bring about more accountable, effective, efficient, reliable government. Basing its actions on common sense, innovation, and the long-term view, KernTax crafts positions based on adopted values. This list contains verifiable savings to taxpayers that occured because of KernTax’s direct intervention into an issue…
Entity
Impact
Notes
2007
Midway SD
$11M
$4.4M Bond Measure stopped. Savings based upon FA Analysis. 17 year old COP discovered $78M proposed bond reduced to $33.5M. Principal reduced $44.5M. Working with district on reauthorization ultimately stopping CAB issuance. Savings on avoidance of CAB’s is at minimum $44M.
2008
Wasco UHSD
$280M
assuming a 4 to 1 pay out (debt Service to Principal)
2011
PG&E
$39M
Intervened in PG&E GRC. 2010-2015 savings to Region WE-1 customers
2012
Cal City
$18M
Help defeat Pacel Tax
2012
Norris SD
$50M
$20M proposed issuance reduced to $17M. CAB interest savings $50M.
2012
Taft CSD
NA
Working with the district on lease-lease back issues. Requesting deauthorization on outstanding bond.
2012
Elk Hills SD
$15.5M
Defeated $6.2M Bond measure
2013
Lakeside SD
$36M
Reduced total cost of BAN conversion to GO bons from $72M to $36M
2014
Elk Hills SD
$14.3M
Defeated $7.13M bond measure. Saving based upon FA analysis
2014
Mojave SD
$36M
Unauthization of $9M in unissued bonds, passed $8M new issuance, interest savings $36M.
2014
Arvin
NA
District adopted the first cost reduction strategies.