S&P Rating Report - Town Receives AA+

S&P releases it's rating report affirming the town's AA+ rating.

Excerpts from the report: 

  • Strong economy, with market value per capita of $108,869 and projected per capita effective buying income (EBI) at 120% of the national level;
  • Strong management, with good financial policies and practices under our Financial Management Assessment (FMA) methodology;
  • Strong budgetary performance, with operating surpluses in the general fund and at the total governmental fund level in fiscal 2018;
  • Strong budgetary flexibility, with an available fund balance that we expect will improve in the near term
  • Very strong liquidity, with total government available cash at 27.3% of total governmental fund expenditures  
  • Access to external liquidity that we consider strong;
  • Very strong debt and contingent liability profile,
  • Low overall net debt at less than 3.0% of market value
  • Strong institutional framework score

click here for the full S&P Rating Report October 2019