Trending...
- Former Google Search Team Member Launches AI-Powered SEO Consultancy in Las Vegas
- Acmeware and Avo Partner to Bring Real-Time Data Integration to MEDITECH Customers
- New Analysis Reveals Most Patients Discontinue Weight Loss Drugs Within First Year
~ Tacoma, Washington - Fitch Ratings has recently announced an upgrade in its outlook for the City of Tacoma, from 'AA' to 'AA+'. This upgrade serves as a testament to the city's commitment towards maintaining a sustainable fiscal path. The upgraded rating places Tacoma just one notch below the highest possible rating of 'AAA'.
According to Fitch, this upgrade is a result of their assessment of the city's ongoing financial resilience and responsible management of reserves. This reaffirms their confidence in Tacoma's ability to handle its finances effectively.
Mayor Victoria Woodards expressed her pride in receiving this rating upgrade and credited it to the city's dedication towards enhancing its operating performance. She also assured that the city will continue to make responsible policy decisions to ensure its ongoing fiscal strength.
More on Washingtoner
City Manager Elizabeth Pauli also acknowledged the efforts put in by the city staff in implementing sound budgetary controls and oversight. She further stated that they will continue to maintain their solid financial footing, reserves, and adhere to the city's financial policies.
Fitch has upgraded the City's $105.7 million limited tax general obligation (LTGO) bonds ranging from 2009 through 2017 from 'AA' to 'AA+'. Additionally, its $620,000 convention center and parking revenue bonds remain at 'A+'. This reaffirms Fitch's confidence in Tacoma's financial stability and responsible management practices.
The City of Tacoma remains committed to maintaining its upgraded rating and ensuring a sustainable fiscal path for years to come. With this positive outlook, it is evident that Tacoma is on track towards achieving its financial goals.
According to Fitch, this upgrade is a result of their assessment of the city's ongoing financial resilience and responsible management of reserves. This reaffirms their confidence in Tacoma's ability to handle its finances effectively.
Mayor Victoria Woodards expressed her pride in receiving this rating upgrade and credited it to the city's dedication towards enhancing its operating performance. She also assured that the city will continue to make responsible policy decisions to ensure its ongoing fiscal strength.
More on Washingtoner
- Spokane City Council Votes on Department of Justice Grant
- Spokane: Firefighters Contain Fire After Car Crashes Into Home
- City of Tacoma Observes Dr. Martin Luther King Jr.'s Birthday on January 19
- Tacoma: OMWBE Intro to Certification 101 Workshop on February 4
- Secondesk Launches Powerful AI Tutor That Speaks 20+ Languages
City Manager Elizabeth Pauli also acknowledged the efforts put in by the city staff in implementing sound budgetary controls and oversight. She further stated that they will continue to maintain their solid financial footing, reserves, and adhere to the city's financial policies.
Fitch has upgraded the City's $105.7 million limited tax general obligation (LTGO) bonds ranging from 2009 through 2017 from 'AA' to 'AA+'. Additionally, its $620,000 convention center and parking revenue bonds remain at 'A+'. This reaffirms Fitch's confidence in Tacoma's financial stability and responsible management practices.
The City of Tacoma remains committed to maintaining its upgraded rating and ensuring a sustainable fiscal path for years to come. With this positive outlook, it is evident that Tacoma is on track towards achieving its financial goals.
0 Comments
Latest on Washingtoner
- Spokane City Council To Hold Special Legislative Session
- Snap-a-Box Brings Texas' First Robot-Cooked Chinese Takeout to Katy–Fulshear
- UK Financial Ltd Makes History as MayaCat (SMCAT) Becomes the World's First Exchange-Traded ERC-3643 Security Token
- Tacoma: Applicants Sought for the Climate and Sustainability Commission
- Tacoma: Dr. Martin Luther King, Jr. Celebration Next Week!
- Narcissist Apocalypse Marks 7 Years as a Leading Narcissistic Abuse Podcast
- High-Impact Mental Health Platform Approaching a Defining Regulatory Moment: Eclipsing 70,000 Patients on Real World Use of Ketamine: N ASDAQ: NRXP
- CryptaBox Introduces a Hardware Crypto Cold Storage Wallet
- YWWSDC Launches AI-Native Digital Asset Infrastructure, Merging Technical Innovation with US-Standard Compliance
- Yesyal Launches Official Website, Unifying Music, Film, and Apparel Under One Independent Brand
- A Statement from the Tacoma City Council Regarding Community Safety Standards and Law Enforcement
- High-End Exterior House Painting in Boulder, Colorado
- Simpson and Reed Co-Founders Shardé Simpson, Esq. and Ciara Reed, Esq. Launch "Hello Wilma,"
- Report Outlines Key Questions for Individuals Exploring Anxiety Treatment Options in Toronto
- Spokane: City Closures Planned for MLK Jr. Day
- Rande Vick Introduces Radical Value, Challenging How Brands Measure Long-Term Value
- Lisa Mauretti Launches Peace of Mind Travel Coaching to Guide Fearful Travelers to Discover the World with Confidence
- New Year, New Home: Begin 2026 at Heritage at South Brunswick
- Food Journal Magazine Releases Its 'Best Food In Los Angeles Dining' Editorial Section
- Enders Capital: 25% Gains with Just -0.80% Maximum Monthly Drawdown in Volatile Debut Year 2025