The city cited areas of cost savings, such as reduced hardware spending and lower energy costs resulting from a smaller server footprint, in choosing to have Munis
delivered via Tyler's SaaS model.
Even though a muni
might be tax-exempt at issue, investors trading munis
in secondary markets may be taxed on their investment in this bond.
As of the end of June, he noted, the spread between investment-grade corporate debt and munis
, as measured by Bank of America/Merrill Lynch Bond Indices, stood at only 39 basis points.
may not yield more than Treasuries for much longer.
We sought to improve our reporting capabilities and to streamline our overall business practices -- the MUNIS
system will give Indiana County the tools to accomplish these goals.
If you were to hold a muni
bond in an IRA, you would be accepting that lower yield without getting the muni
-bond tax advantage, since taxes on investment income in an IRA are already deferred until you withdraw money from your account, perhaps many years from now.
We believe that Munis
provides the broadest applications and is the most flexible ERP solution available, and, combined with our evergreen philosophy, this makes Tyler the best partner for cities that want a long-term and affordable ERP system from a company with the financial strength and history of success that can be relied upon," said Richard E.
President of Tyler's MUNIS
Financial Management Solutions, views the agreements as a reflection of Tyler's commitment to expansion in Georgia.
The town of Mount Desert invested in an array of Munis
applications, including financial management, human capital management, tax billing and self service for citizens and employees.
Huntsville chose Munis
because of its proven technology platform, system functionality that met the city's technological requirements and Tyler's success with other public sector clients.
Dick Peterson, President of Tyler's MUNIS
division, commented, "Signing contracts with these three Ohio communities has once again reinforced the strong Tyler presence, specifically with MUNIS
financial solutions, in the state of Ohio.
Firms like Bell's capitalized on this trend, but they would pay a price later for leveraging their future too heavily in munis