Shades of Public Finance Vol. 2

Shades of Public Finance Vol. 2

More Insider Stories of the Municipal Bonds that Built America

Richard Land Sigal


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"In Texas, there are 4,900 parcels of property within 500 feet of the border....The entire process of “eminent domain” — the legal term for government taking private property — along the border makes a sham of the Constitution’s requirement that 'private property (not) be taken for public use, without just compensation.'" -InsideSources, "Building the Wall Using Eminent Domain Hurts Americans"

Shades of Public Finance Vol. 2 takes readers through some of the most pressing concerns of the day. Welcome to learning about these important issues in public finance:

•clean water,
•solid waste disposal,
•highways, utilities, open space,
•gambling and native Americans,
•public authorities,
•reciprocal tax immunity, and
•eminent domain.

You may not realize it, but these topics reside in the shadows of your everyday life and budget.

"Whether you write the tax laws or pay the taxes that result, function in the private sector or the public, or care about potholes or wastewater, you will find Sigal’s stories behind the stories fascinating. When they say it is not about the money, they are wrong. It always is. And the ultimate question is ‘whose money?’ Sigal explains it clearly." - Majorie Smith, Chair, New Hampshire House Judiciary Committee; former Chair, NH House Finance Committee and Joint Fiscal Committee


Richard Land Sigal:
Richard L. Sigal practiced public finance from 1964 to 2016 including fifty years with the national law firm of Hawkins Delafield & Wood. Hawkins Delafield & Wood is the #1 underwriters counsel in public finance, and has underwritten over $1 trillion in public finance projects, including $129 billion in power and renewable energy and $154 billion in transportation projects. For the last 10 years, it has been named one of the best law firms in the country by U.S. News.

Sigal was the bond counsel or underwriters' partner in charge of major tax-exempt or taxable bond issues in many states as well as the Commonwealth of Puerto Rico. During his career, Sigal crafted innovative, precedent-setting public finance structures, including the multibillion -dollar bond issue to finance the new capital needs of Puerto Rico and the first clean water bond program that leveraged federal water and sewer grants.

A graduate of Yale University (1960) and the University of Chicago School of Law (1963), Sigal’s contribution to the creation of financing strategies to support the growth of public infrastructure are unmatched. As Thomas Ritter, former Speaker of the House of Representatives in Connecticut says, "“Dick Sigal taught me that no matter how hard the legislature worked on a bill, that implementation isn’t complete without having a top-notch expert, like Dick, in public finance."

You can find Richard Land Sigal at his website: and on LinkedIn.