The city carries a AAA bond rating from Standard & Poor’s and Fitch Ratings, which is the highest rating available. The ratings demonstrate confidence of the rating agencies in the city’s ability to manage its finances. This allows the city to ensure our tax dollars go farther by borrowing funds at the lowest possible interest rates. Each time the city prepares a new debt issue, rating agencies evaluate the city’s credit rating to assign a bond rating to the proposed bond issue as well as all outstanding bonds of the city. The bonds that are proposed will also carry this rating, which means that the bonds will carry the lowest interest costs available based on municipal bond market conditions at the time they are issued.