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.