For the tenth straight year, Arlington has scored a financial “triple-triple.” All three major bond rating agencies have just affirmed Arlington’s AAA bond rating, the highest rating available.
“I think it’s especially important at this time, which is very difficult for the economy, local governments and bond markets,” County Manager Michael Brown told board members while announcing the good news today.
“Not many communities can do that,” said board chairman Jay Fisette, who called the top rating “sacrosanct” and “a source of pride.”
Arlington is one of only 35 counties across the country that has a triple AAA rating. It allows the county to borrow money at the lowest possible rates.
Brown cited the county’s strong economic performance, deep reserves and good fiscal management as reasons for the renewal. The rating was granted despite the county moving forward with a $161 million bond referendum that, if approved by voters in November, will fund a new Wakefield High School, infrastructure improvements at Metro, and other major capital expenditures. Some fear that the larger-than-normal bond issue will hurt Arlington’s AAA status.
Recent Stories
More Arlington properties could be impacted by 100- and 500-year floods, according to new federal flood insurance rate maps. The county estimates some 300 buildings, up from 172, now risk…
Costs are creeping up for a courtroom makeover in Arlington. County Board members approved an extra $200,000 this past Saturday to complete renovations in Courtroom 10B, a project ambitiously dubbed…
Gardens with abundant native species could soon have an official definition in county code: “managed natural landscape.” This definition would protect Arlingtonians who grow the kinds of native grasses, wildflowers…
Sponsored by Monday Properties and written by ARLnow, Startup Monday is a weekly column that profiles Arlington-based startups, founders, and other local technology news. Monday Properties is proudly featuring Three…
Arlington Travel Basketball (ATB) will be conducting tryouts for our 2023-24 teams beginning Tuesday 10/2.
There is no charge for these tryouts.
Interested players must pre-register and attend at least 2 tryouts to be considered for a team.
ATB will field teams in grades 5 – 8; 4th graders are eligible to attend.
Thorough Testing
Sometimes mold is easy to spot, but you don’t know how deep inside your walls it has spread. It can grow in sinks, cabinets, and other places you frequent every day. If you find mold, the question remains: Do I call a professional? Thistle Environmental, LLC believes in quality, comprehensive testing.
CALL NOW: (703) 929-4036
Equality Arlington Coming Out Party
Come celebrate National Coming Out Day at Equality Arlington’s Coming Out Party on Wednesday, October 11th from 7-8:30 PM at Busboys and Poets (Shirlington)! Senator Adam Ebbin is our featured speaker and we will have Arlingtonians sharing what coming out
NY Cat Film Festival
Experience through film the beauty of our relationships to cats. This unique film is a compilation of shorts with a feline theme which premieres every year in New York City and then travels to venues across the United States. This
