Texas Bond Review Board Strategic Plan: Fiscal Years 2013-2017 Page: 42
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Business Trends
Economic factors, continuing turmoil among financial institutions and increasing transaction
complexity, including the increased use of swaps and other interest rate management agreements
have required increased vigilance toward issuance of new debt and state financial transactions. In
addition, market conditions favor refundings and thus create heavier workloads for state and local
data management. As interest rates rise, applications to finance single-family mortgages and waste-
disposal projects are expected to increase as housing finance corporations and other entities seek
additional tax-exempt financing opportunities.
As a result of increased infrastructure needs and anticipated growth in the state's population, the
agency anticipates an increase in the volume and complexity of state financings.
Legislative Changes
The legislature recognizes the importance of debt management and relies on the oversight provided
by the BRB and its staff. As of June 2012 the agency does not foresee changes in its mission,
strategies and goals over the next five years. New mandates that impact the agency's current
workload or that result in significant shifts in job responsibilities would affect staffs ability to
continue delivering high-quality service to its customers.
Past legislative action related to administrative processes such as financial reporting, human
resources/benefits management, purchasing, risk management and information resources
management that requires specific training and/or certification will require diligence in recruiting
and retaining qualified administrative staff.
II. Current Workforce Profile (Supply Analysis)
The BRB remains focused on its most important assets, its employees. The agency realizes the need
for a highly skilled and versatile workforce to provide quality services to its customers. The BRB
also realizes the need for ongoing training to enable staff to sharpen its skills and remain current on
developments affecting the agency's mandated goals. Such training not only benefits the staff but the
agency as well by increasing productivity and enhancing performance.
A. Skills
Every employee is valuable to the success of agency operations. Each FTE, including administrative
staff performs more than one critical function that supports the following: review and analysis of
state and local debt financing and reporting, reports on debt affordability and capital expenditure
planning and allocation of private activity bonds.
Certain critical skills are required for the agency's staff to execute on mandated strategies. Critical
skills are:
Customer Service Database Development/Maintenance
Problem Solving Debt Financing/Information Analysis
Communication State Agency Administrative Management42
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Texas Bond Review Board. Texas Bond Review Board Strategic Plan: Fiscal Years 2013-2017, book, July 2, 2012; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth531984/m1/45/?q=%22%22~1&rotate=90: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.