Trending...
- Spokane AI Expert Adam Chronister to Discuss Authority Engineering at AI Roundtable Event
- Olga Torres Earns Repeat Recognition as a Top 2026 CFIUS Advisor
- Spokane: Traffic Impacts Starting Monday, May 4th
~ 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.
The City of Tacoma's $105.7 million limited tax general obligation (LTGO) bonds ranging from 2009 through 2017 have been upgraded from 'AA' to 'AA+'. Additionally, its $620,000 convention center and parking revenue bonds remain at 'A+'. This further solidifies Fitch's confidence in Tacoma's financial stability.
This rating upgrade serves as a positive sign for the City of Tacoma and reflects its commitment towards responsible financial management. With this upgrade, Tacoma is well on its way towards achieving 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
- HRC Fertility Celebrates Beverly Hills Grand Opening, Spotlighting Fertility Care as Women's Health Month Begins
- HRC Fertility's Dr. Christo G. Zouves Appointed to San Mateo County Medical Association Board of Directors
- HealthBook+ and Stonebrook Risk Solutions Partner to Bring Predictive Intelligence to Healthcare Risk
- Umbrella Becomes First FinOps Platform to Support AWS Billing Transfer Onboarding
- Tacoma City Council Reaffirms Commitment to Immigrants and Refugees, Supports Ongoing State and Federal Advocacy
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.
The City of Tacoma's $105.7 million limited tax general obligation (LTGO) bonds ranging from 2009 through 2017 have been upgraded from 'AA' to 'AA+'. Additionally, its $620,000 convention center and parking revenue bonds remain at 'A+'. This further solidifies Fitch's confidence in Tacoma's financial stability.
This rating upgrade serves as a positive sign for the City of Tacoma and reflects its commitment towards responsible financial management. With this upgrade, Tacoma is well on its way towards achieving the highest possible rating of 'AAA'.
0 Comments
Latest on Washingtoner
- Spokane: Council Approves Updates to Mobile Food Truck Regulations
- Federal Way Murder Suspect Taken into Custody in Spokane
- BTR: i2 Group Launches i2 Amplify, a Community Platform for Intelligence Professionals Worldwide
- L.A. Watts Summer Games Announces Free Pelé Tribute Event at Magic Johnson Park
- Public Hearing Regarding 2026 Amendment to One Tacoma Comprehensive Plan and Land Use Regulatory Code on May 19; Information Session on May 9
- SUMOFIBER Fuels Explosive Growth With netElastic vBNG
- NRx Pharmaceuticals (N A S D A Q: NRXP) Accelerates Into National Spotlight as Manufacturing Launch, Federal Policy & AI-Driven Breakthroughs Converge
- Expanding Into High-Margin Battery Recycling With Black Mass Strategy plus Scaling AI Infrastructure & Global Supply Chain Platform: N A S D A Q: MWYN
- Long-Distance Couples Spend Nearly $7,000 on Travel Before Moving In Together, New Mayflower Research Finds
- imggpt Launches AI-Powered GPT Image Generator and Photo Editor for Creative Teams
- Intuitive Flow Systems Launches Mokēd Meditation Whistle
- Styrofoam Recycling Returns to Tacoma Recycle Center
- More Life Summit 2026 Announces Gary Brecka & Mr. Olympia Derek Lunsford as First Speakers for Miami Event
- Michael H. Kaplan, Colorado Workers' Compensation Attorney, Rallies Athlete Unions Against Proposed Legislative "Carve-Outs"
- Viasat, Galaxy 1 Communications and L2 Aviation to bring avionics integration to Advanced Air Mobility
- Tacoma: OMWBE Intro to Certification 101 Workshop on May 18
- Spokane Police arrest male for threats against "The Villages" and Mar-A-Lago
- Fulton County DA Fani Willis Officially Endorses Dr. Heavenly Kimes + Black Economic Agenda
- AI-Branding Podcast Launches Season 2 Featuring AI Thought Leader on Search Strategy
- Applicants Sought for the Tacoma Area Commission on Disabilities