Arbitrage Rebate Calculation Services
IMET offers Arbitrage Rebate Calculation Services (ARCS) through an agreement with Arbitrage Rebate Counselors, LLC. ARCS are available to all IMET participants that issue debt and may incur a liability under the Internal Revenue Code and Regulations.
Arbitrage Rebate Counselors has provided arbitrage rebate services since 1996 when the firm was founded. Arbitrage Rebate Counselors specializes exclusively in arbitrage regulations compliance for tax-exempt bonds. The firm has extensive experience in local government finance, serving townships, municipal utilities, cities, counties, school districts, local agencies and special districts. To date, Arbitrage Rebate Counselors has completed over 2,000 rebate engagements totaling over $15 billion of bond proceeds.
IMET participants benefit of the ARC Services at NO charge to the participant.
John C. Rogers is the President of the firm and will serve as IMET’s primary contact. He has over 30 years of experience in the public finance industry. Prior to founding Arbitrage Rebate Counselors in 1996, he worked as a public finance investment banker as well as a financial advisor. He has completed arbitrage calculations for virtually every sector of the public finance industry, including local governments, counties, water and sewer districts, school districts, hospitals, senior care providers, housing, charter schools, social services, airports, and colleges and universities.
To learn more about IMET’s ARCS, contact Sofia Anastopoulos or John Rogers.
Recent News
The Winter 2026 Market Overview highlights inflation moving closer to the Fed’s 2.00% goal. It also explains why the Fed has held rates at 3.50% to 3.75%, what markets are watching at the March meeting, and how elevated Treasury yields have supported competitive IMET fund rates.
Market Overview and IMET Performance (Winter 2026)
Read moreIn this edition of the IMET Participant Spotlight, we feature the City of Rolling Meadows. We cover how the City uses IMET to support major project funding, maintain liquidity during property tax delays, and invest bond proceeds for local improvements.
IMET PARTICIPANT SPOTLIGHT HIGHLIGHTS: City of Rolling Meadows
Read moreClick on the link below to read the latest IMET Monthly Newsletter:
IMET February 2026 - Monthly Newsletter
Read moreIn this edition of the IMET Participant Spotlight, we feature Champaign County highlighting how the County has grown its IMET balances since joining in 2024 by using both the Convenience Fund and Core Fund to support short term liquidity needs while planning for long term goals.
IMET PARTICIPANT SPOTLIGHT HIGHLIGHTS: Champaign County
Read more