Cities/Villages/Towns issued the following announcement on Jan.13.
Moody’s Investor Services has given Wauwatosa the highest bond rating (Aaa), ranking the City of Wauwatosa with the strongest creditworthiness compared to other U.S. borrowers.
“The city’s stable financial position is the result of strong financial management and conservative budgeting practices. Taxes, including property and room taxes, comprise the largest source of revenue for the city, accounting for about 74% of 2020 operating revenue.
Levy limits restrict the city’s ability to increase its annual levy by more than the percentage of valuation change driven by net new construction exclusive of increases for debt service,” said Moody’s Investor Services in a press release.
This rating is important because our bonds finance street, water system, sewerage improvement, and other city projects. Earning Moody’s top bond rating enables us to secure funding for lending at the most competitive rates.
Read more about Wauwatosa's finances in the Financial Snapshot.
Original source can be found here.
Alerts Sign-up