Buffalo Grove Receives Highest Marks for Financial Management
Two agencies give the village high scores for current and proposed debt. The following information was provided by the Village of Buffalo Grove.
The Village of Buffalo Grove recently received the highest marks for its progressive and stable financial management from three organizations that evaluate and monitor governmental financial conditions on a national and international level. As part of the proposed Series 2012 general obligation bond issue, the village recently sought ratings of its existing and proposed debt through Standard & Poor’s Rating Service and Moody’s Investor Service. Both companies gave the village their highest award of confidence by affirming the existing AAA and Aaa ratings (respectively) for all current debt, as well as assigning AAA and Aaa ratings for the 2012 issuance of $6 million in bonds to provide for street repair and maintenance. Standard & Poor’s …
Grand High Exhalted Mystic Ruler over all Racoondom
1:39 pm on Tuesday, July 31, 2012
Must rankle at least 1 VBG resident though that the experts, and S&P and Moody ARE experts, rate the fiscal responsibility of the current administration and workers so highly. Good to see VBG getting good 'press'! more ›