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The City currently maintains a bond rating of “AA” from Standard & Poor’s (S&P) Global Ratings for its general obligation debt. This high rating reflects the City’s strongfinancial management, sound reserve levels, and a diversified tax base.The rating was last affirmed by S&P Global Ratings in June 2024, reinforcing the City’s continued creditworthiness and fiscal discipline.A favorable bond rating enables the City to issue debt at lower interest rates, thereby reducing total debt service costs over the life of the bonds. This contributes to theCity’s ability to manage long-term obligations cost-effectively while maintaining budget flexibility.The following table presents the City’s long-term debt service obligations for existing bonds, including both principal and interest payments:96