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Cook County Renews Existing Relationship with Avenu Insights & Analytics to Provide Records Management Solution

Avenu’s Records Management Solution provides Cook County with the ability to perform an array of services, including recording and e-recording of documents, cashiering, document indexing, document scanning, document search and retrieval, and a website portal that allows customers to search, view and purchase previously recorded documents. Through the partnership with Avenu, Recorder of Deeds Edward M. Moody will continue to provide outstanding customer service to Cook County residents while minimizing costs and expanding efficiencies. Recorder Moody shared that, “Last year, I was able to return over $1 million to County taxpayers. I look forward to working with Avenu to find additional ways to streamline services while reducing costs to taxpayers.”

When asked about Avenu’s relationship with Cook County, IL, Paul Colangelo, Avenu CEO, explained that, “Having a 20-year relationship is a success. It speaks to the dedication and commitment shown by our staff to listen to our client, understand and address their needs. We are thrilled to continue this partnership.”

About Avenu Insights & Analytics

As a leading provider in State and Local government solutions, Avenu has partnered with over 3,000 State and Local governments to boost revenue, optimize operations, and reduce costs and improve efficiencies. Avenu provides revenue enhancement and administrative solutions that uncover new sources of untapped revenue and deliver software that streamlines day-to-day operations. State and local governments partner with Avenu to increase revenue without raising taxes, streamline internal operations, and improve services by enhancing connectivity for constituents. Avenu is a portfolio company of Mill Point Capital. To learn more, visit http://www.avenuinsights.com.

About Mill Point Capital

Mill Point Capital is a private equity firm targeting control investments in lower-middle market businesses, with a focus on industrial and business services companies in North America. Mill Point’s experienced team of investors and Executive Partners seek to enhance the value of portfolio companies by executing transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit http://www.millpoint.com.

Webinar: Clearview Valuation Analytics

The newest technology for Appraisers and Assessors is here! Clearview Valuation Analytics (CVA) is a powerful GIS-based tool that integrates with any CAMA system.

Our live demo of CVA on shows the power this best-in-class solution gives teams to:

  • Verify & Justify Valuations
  • Find Comparable Sales
  • Perform GIS Centric Ratio Studies
  • Utilize Property Filtering & Thematic Mapping
  • Efficient and accurate income analysis

Click here to download the presentation.

Webinar: Clearview Valuation Manager Demo

Avenu recently released an update to Clearview Valuation Manager, our end-to-end valuation & tax suite. CVM is part of our Clearview Property Tax Suite tailored for State and Local Government Treasurers, Tax Collectors, Auditors and Assessors. The new product suite contains three stand-alone modules that work together or independently with any third-party system.

Avenu’s Clearview Valuation Manager (CVM) provides integrated assessment and tax collection through a powerful GIS-based solution that integrates with any CAMA system.

This webinar provided an overview and emo of the solution showing you how this best-in-class solution provides teams with:

  • Full GIS integration
  • Advanced Desktop Review & Sketch Validation
  • Powerful Search functionality to instantly access and report on key valuation data
  • Tracking of custom data by allowing for user-defined fields
  • Efficient and accurate income analysis

Click here to download the presentation.

Webinar: Clearview Property Tax Manager

Avenu recently revealed its release of Clearview Property Tax Suite tailored for State and Local Government Treasurers, Tax Collectors, Auditors and Assessors. The new product suite contains three stand-alone modules that work together or independently with any third-party system.

Clearview Property Tax Manager is a powerful Cloud Based Solution providing the flexibility needed to adapt to your jurisdiction’s business rules and needs.

This cutting-edge technology for appraisers and assessors gives you the power to:

  • Streamline Tax Administration with Dynamic Workflows
  • Incorporate YOUR Business Rules
  • Manage Assessment Administration
  • Perform Levy & Tax Cycle Management
  • Provide virtual and secure access

Click here to download the presentation.

June California Legislative Update

The June California Legislative Update covers the passage of the state budget and a number of bills related to the CARES Act. staff is currently monitoring 15 bills that seek to modify existing local taxes and impose new fees. This update provides the latest information on this legislation as well.

On June 15th, the Legislature passed the State Budget Act for the 2020-21 fiscal year. Our understanding is that the Legislature and Administration have not yet reached a final agreement; however, they have agreed to continue discussions and keep working on a compromise. The Budget Act and two trailer bills were sent to the governor and are further described in this report.

Governor’s Office of Business and Economic Development: The Legislature’s budget approves a total of $100 million to support the California Infrastructure and Economic Development Bank’s loan guarantee program that provides financial assistance to small businesses.

Revenues: The provisions of AB 85 include a total General Fund benefit of approximately $4.4 billion in the 2020-21 fiscal year.

Read the full June California Legislative Update Here.

 

June California COVID-19 Update

CLIENT UPDATE #1: Sales and Use Tax: Avenu has been hard at work developing economic assumptions on which to build revenue projections for each of our clients. For many of our clients, Sales and Use Tax is a primary revenue source and one that currently is in a state of flux. The pandemic has caused reduced economic activity, business closures, and uncertainty about the future.  The recent Sales Tax Executive Order from Governor Newsom also impacted sales tax cash flows. This communication is intended to explain the lower than normal first quarter 2020 allocations to local governments resulting from the pandemic and the Governor’s Executive Order.

Sales and Use Tax Liabilities Deferred by CDTFA:

Extension Program: On April 2, 2020, Governor Newsom issued Executive Order N-40-20 that allowed businesses with under $1M in tax liability to delay their first quarter sales and use tax filings for 90 days. This action means that first quarter filings for these businesses, normally required by the end of April, could be delayed until the end of July.

Deferral Program: Another state program allows small businesses ($5M or less in taxable sales) to defer up to $50,000 of their sales and use tax liabilities until next fiscal year. For those who request the deferral, the owed amount would be payable in twelve equal installments over the following year and would not be subject to interest or penalties as long as these payments are made. The payments will start in August 2020 and they will not extend beyond July 31, 2021.

Learn more about what is happening in California, and read the full June COVID-19 update here.

Industry Insight: 8 ways local governments can enhance security while working remotely

In a May article published on GCN, director of information technology Roger Murphy explains how local government agencies can identify and address security vulnerabilities that could lead to attacks in a remote work environment.

Recent events have accelerated a transformation toward digital document storage, online and mobile services and automated services. However, digitalization opens up new opportunities to hackers and criminals looking to access private information. This month, The Wall Street Journal published an article explaining how hackers are “changing their ransomware tactics to exploit the coronavirus crisis,” especially among organizations that need their “data back right away to operate.”

Local governments should consider ransomware attacks a “when” not “if” scenario. Everyone on the team needs cybersecurity training and access to enhanced security tools to combat these new threats. Read more at GCN.com.

 

Avenu and SAFEbuilt Team Up to Help Government Customers Recover from COVID-19 Economic Impact

Avenu Insights & Analytics (Avenu) and SAFEbuilt, a community development services company, have entered into a strategic alliance to provide local government customers a unique revenue enhancement assessment tool. This alliance seeks to help local governments rebuild and recover from this national pandemic.

This project has been driven by two simple and critical goals: Create a tool to help the two companies’ 4,000 state and local government customers recover from near term budget pressures and to help them find new revenue opportunities.

The strategic alliance brings together the skills of two of the nation’s most innovative service providers to state and local governments. Avenu provides compliance auditing, revenue discovery, and tax administration, as well as market leading software and an analytics platform that automates and streamlines administration functions, from digitizing building plans to a variety of records management functions. SAFEbuilt has worked with more than 1,100 communities nationwide to supply transformative building, infrastructure, and maintenance solutions along with other professional services to build safer and more modern communities.

“Both Avenu and SAFEbuilt are in the business of serving local governments and communities,” said Avenu CEO Paul Colangelo “Amid the current COVID-19 crisis, our customers need solutions that can help get them on an economic road to recovery now. This partnership affords our customers with a wider array of solutions to help them with today’s unprecedented challenges.”

SAFEbuilt Chief Revenue Officer Joe DeRosa said it’s a natural fit for the two companies’ customers: “Our companies share similar values and culture. We are both dedicated to creating innovative solutions that increase the success of the cities and counties where we live and work. Our objective is to help our customers exit this pandemic in a data-driven, growth-oriented manner that makes them stronger than they were before.  Working with Avenu allows us to introduce best-in-class solutions to our customers with the goal of enabling better and smarter short- and long-term growth.”

About SAFEbuilt

Founded in 1992, SAFEbuilt supports municipal governments and public and private corporations with community transformation services, including expert and professional community development, infrastructure, and maintenance services to over 1,100 communities across 24 states. SAFEbuilt offers customized solutions that are built to fit their client’s development needs including stabilizing budgets, maximizing efficiencies, improving customer services, and adaptable staffing. To learn more, visit www.safebuilt.com.

About Avenu Insights & Analytics

As a leading provider in State and Local government solutions, Avenu has partnered with over 3,000 State and Local governments to boost revenue, optimize operations, and reduce costs. Avenu provides revenue enhancement and administrative solutions that uncover new sources of untapped revenue and deliver software that streamlines day-to-day operations. State and local governments partner with Avenu to increase revenue without raising taxes, streamline internal operations, and improve services by enhancing connectivity for constituents. Avenu is a portfolio company of Mill Point Capital. To learn more, visit www.avenuinsights.com.

Media Contact: Corinne Aycock, Avenu Marketing Manager, (Avenu) (703) 863-1366

Avenu Offers Free Revenue Enhancement Assessment to Local Governments

During the ongoing COVID-19 pandemic, local governments are confronting budget shortfalls as revenue drops and leaders work to support their community during the crisis. Many jurisdictions are trying to finalize budgets for the upcoming fiscal year while assessing how the economic downturn is impacting current forecast. The volatility of the unexpected economic situation makes this a daunting task.

Avenu has decades of experience working with over 3,000 local governments developing strategies to enhance revenue without raising taxes. Our team works with jurisdictions to identify noncompliance, secure lost revenue, and understand and project your jurisdiction’s tax future. Avenu works closely with government clients to realize revenue potential — while building business relationships that foster compliance for years to come.

Our team is uniquely prepared to support local governments through these challenging times. We have extensive real-world experience in handling crisis situations and front-line knowledge in preparing and implementing strategies to help cities and counties weather the storms and recover as quickly as possible.

We stand ready to partner with your jurisdiction by offering a free revenue enhancement assessment to help local governments with the revenue impacts of this crisis. Our assessment will help local governments seek guidance and gather feedback in one or more of the following areas:

  • Forecasting revenue through the economic crisis
  • Identifying additional revenue sources to cover budget shortfalls
  • Handling tax and license administration during COVID-19
  • Navigating COVID-19 Grant Funding for your community
  • Short-term cash flow strategies, and longer-term recovery planning

Virtual appointment times will be used to identify areas of need and a customized assessment will be provided to your team immediately following a short discussion

Sign up today and a member of our team will be in touch immediately.

 

 

WEBINAR: Financial Impacts of PG&E’s Delay in New Time of Use Rate Structure

A recent decision by the California Public Utilities Commission (CPUC) approved the delay in the New Time-of-Use rate structure for Pacific Gas & Electric (PG&E) until March 2021. These new rates are based off changes to what are considered “peak” hours and were originally due to take effect November 1, 2020.

Due to the different implementation deadlines, PG&E are enabling customers the ability to “opt-in and opt-out” on either the old rate structure or under the new rate structure, from now until March 2021, on a meter by meter basis (one time).  This accommodation will provide government agencies with an opportunity (over the next 12 months) to strategically select rates for period of time on a meter by meter basis that could result in significant savings.

Avenu Insights & Analytics partnered with Procure America (PA) to assist our California communities with better understanding the financial ramifications of the recent announcements related to the upcoming changes. In a recent webinar, we outlined the steps you should be taking NOW to ensure your City, County, or Agency receives the greatest utility savings under the new plan.

We discussed:

  • Overview or Old vs. New Time-of-Use Rate Structure
  • Financial Implications of the delay in PG&E’s “New” Time-of-Use structure
  • PG&E online and customer service rate analysis
  • Approach to determine and deploy the most efficient rate structures
  • Timetable for “opting-in and opting-out” of the rate structures
  • Estimated savings based on your jurisdiction

Take a moment to view the presentation, and watch the webinar.