The City has the power to issue bonds for various purposes and projects.

City's Bond Rating

  • Standard and Poor's - A+
  • Moody's Investors Service - A3

2020 Pension Bond

In 2020, the City determined that it would be a significant cost savings to the City if it issued a bond for the funding of all open unfunded liabilities associated with the City's open pensions.

As part of this process, a financial plan was written outlining the plan for the pensions with the usage of the bond.