Budget constraints and procurement delays make a tax-exempt municipal lease from NCL Government Capital especially attractive.
Budgeting Constraints & Limited Capital
- Operating or capital budgets are insufficient to fund large purchases outright
- Financing spreakds cost out over time making essential purchases/projects feasible within current budget
Timing Mismatch with Budget Cycle
- Equipment is needed before the next fiscal year begins or before budget is approved
- Tax-Exempt municipal leasing enables agency to acquire assets now and defer payment until the next fiscal cycle
Urgent/Emergency Needs
- Natural disasters, equipment breakdowns, or safety-related failures require immediate upgrades or replacement
- Financing allows for rapid deployment without waiting for budget approval or grant funding
Preserve Cash Flow & Inflation Protection
- Manage cash flow more predictably
- Equipment cost are expected to rise and financing allows municipalities to lock in current prices
- Secure scarce inventory or utilize pre-funding
Streamlined Process
- A tax-exempt municipal lease from NCL Government Capital satisfies big requirements with our Sourcewell competitively-bid and awarded contract for leasing and financing
- In most states, a tax-exempt municipal lease does not require voter approval
