The City was awarded an AAA credit rating from Standard & Poor's, a global financial services and ratings agency. This is the highest credit rating a city can achieve.
As a result of this credit rating, the city will get the best possible interest rate when it needs to borrow for City infrastructure and facility projects.
This achievement is due to a number of factors:
- Strong economic growth in our community, with per capita incomes and property values increasing.
- Very strong cash and reserves that allow the City to weather the unexpected.
- Financial policies and practices, such as our financial management plan, that chart a course for our financial future.
- Comparatively low debt for a city our size.
To learn more about city finance visit our Finance Department's main webpage.