Arlington is one of only 39 U.S. counties to receive the highest possible rating. The rating will enable Arlington County to borrow money at a lower rate than other, less creditworthy jurisdictions.
From an Arlington County press release:
“As the County continues to fund critical general government and school capital needs, this reaffirmation of our triple – AAA rating, is an important validation, which allows us to enjoy lower interest rates for our General Obligation bonds and use every dollar as efficiently as possible,” said County Manager Barbara Donnellan.
Moody’s noted that the County’s “continued careful financial management and commitment to maintaining sound financial flexibility are expected to maintain Arlington’s strong fiscal operations.”
Fitch noted that the County’s “debt levels are moderate and expected to remain so given prudent planning and adherence to conservative debt policies.” They also noted that “conservative budgeting, timely tax increases, and closely monitored expenditure controls consistently produce surplus operating results leading to solid reserve levels and liquidity.”
Standard and Poor’s noted the County’s “Very strong debt and contingent liability, driven by low carrying charges, low net debt, and rapid amortization.”
Having a Aaa/AAA/AAA rating ensures that the County will enjoy lower interest rates for its upcoming sale of the Series 2014 General Obligation Public Improvement and Refunding Bonds the week of May 26.
Everyone has flat screen TVs already so how about a more interesting Black Friday special? The ARLnow Press Club for free, to try out the daily Early Morning Notes email…
There’s not a whole lot going on in Arlington today, save for activity at local shopping centers, so we’re going to fast forward right to the top story countdown. Here…
Statues of Liberty gives thanks this holiday season and grateful for a few things this year.
It’s turkey time. Thanksgiving Eve is upon us and extra revelry can be expected at some local bars tonight, ahead of the holiday. Please be careful on the roads and…
The Optimist Club of Arlington is holding its 76th annual Christmas tree sale!
This year, the tree sale will be held at the Knights of Columbus (5115 Little Falls Road). The lot opens for sales on November 25th. The Optimist Club is selling small and large trees ranging from tabletop size to huge 14 foot tall trees! Wreaths, garlands, tree stands, and White House Christmas ornaments will also be for sale.
100% of all proceeds go towards helping Arlington County youth.
For more information, please visit the Arlington Optimists website at https://optimistclubofarlingtonva.org/.
Art House 7 is a small art studio in Arlington – offering instruction in painting, ceramics, sewing and more. We are looking for kind, dedicated people who love both creating and teaching.
Ceramic Teachers are needed to teach wheel-throwing to adults and 6-12th graders and to teach hand building to elementary grades. Classes have 3-8 students.
Drawing teachers are needed to teach either kids or adults. For kids, we offer cartooning, manga or traditional drawing. For adults, we only offer traditional drawing.
Painting teachers are needed to teach either kids or adults. We offer oil, acrylic or watercolor for adults or teens. All elementary classes use acrylic and tempera.
NCE’s Holiday Concert will bring the finest classical masterpieces and holiday favorites together for the whole family. The festivities begin with Leroy Anderson’s classic “Sleigh Ride” and “Chanukkah Festival”, music from the Nutcracker and by J.S. Bach.
Outstanding Young Artist