Arlington County has retained the highest possible credit rating for the 26th year in a row.
All three major bond-rating agencies — Moody’s, S&P Global and Fitch Ratings — reaffirmed the county’s Aaa/AAA/AAA debt ratings this week, the county announced this morning. Arlington is one of just 54 counties nationwide, and one of 13 in Virginia, to hold the top mark from all three.
The Arlington County Board has authorized staff to move forward with the sale of $208.4 million in 20-year general-obligation bonds.
The county government has tried to defer major bond sales as long as possible over the past two years, citing concerns about the region’s economic health and the county’s revenue conditions. But the time has come to move forward with the next sale, Board Chair Matt de Ferranti said on Saturday.
County voters are likely to see nearly a quarter-billion dollars spread over five local bond referendums on the Nov. 3 ballot.
Revenues from future bond sales would support County Manager Mark Schwartz’s proposed new 10-year, $4.3 billion capital improvement plan, unveiled on Tuesday evening.
Superintendent Francisco Durán has laid out a quarter-billion-dollar plan to renovate and expand two middle schools.
Downplaying concerns that the projects could crowd out needed improvements at other buildings, Durán on Thursday night described plans for Thomas Jefferson Middle School and Swanson Middle School. They include the following.
The Arlington County Board has approved $18 million in revenue bonds to support the redevelopment of the Goodwill on S. Glebe Road.
The funding will benefit AHC Inc., which is partnering with Goodwill to develop affordable housing on the site, located at 10 S. Glebe Road in the Alcova Heights community.
Gerald Ford was in the White House the last time Arlington voters rejected a school bond in a local referendum.
But the two local residents tasked with making sure such ancient history doesn’t repeat itself are taking no chances as they make the case for passage of the 2024 school bond.
Arlington’s Democrats and Republicans have squared off with diametrically opposing positions on the county’s package of bond referendums.
The Arlington County Democratic Committee earlier voted to support the five bonds on the Nov. 5 ballot, while the Arlington County Republican Committee more recently opted to oppose all five.
More dirty details have emerged in the county’s $175 million plan to start using sewage for consumer-friendly fertilizer and renewable energy.
The first step is a $32 million budget authorization, set to be considered by the Arlington County Board this Saturday, to begin new upgrades the Arlington County Water Pollution Control Plant.
On Election Day, a majority of Arlingtonians approved six bond measures, worth $510 million, that will fund a variety of projects throughout the county.
The biggest expenses for the next 10 years include upgrades to its Water Pollution Control Plant, where local sewage goes, and funding to build a new Arlington Career Center campus.
Your poop could give Arlington County natural gas to power buildings or buses.
The county is developing plans to upgrade its Water Pollution Control Plant, where local sewage goes. One change involves installing technology that can harness the methane emitted when human solid waste is processed, turning it into renewable natural gas, a process some municipalities have already implemented.
Early voting got off to a muted start today (Thursday) at the Arlington County government headquarters in Courthouse.
“We had a line of five voters when we opened at 8 a.m.,” Director of Elections Gretchen Reinemeyer told ARLnow. “We’ve had 72 voters as of 11 a.m. Flow is slow but steady. The first day of voting last year we processed around 400 voters. We might be slightly under that today.”
Capital Plan, Bond Referenda Approved — “The Arlington County Board has unanimously approved a $3.9 billion ten-year Capital Improvement Plan that focuses on stormwater management and flood response, climate and environmental programs, parks, transportation, and community infrastructure over the next decade… [as well as] bond referenda totaling $510.5 million to be put before Arlington voters on the November ballot.” [Arlington County]
GOP Group Wants Fewer Vote Drops — “A Republican group seeking to have Arlington election officials reduce the number of 24-hour voting dropboxes in the county got something of a cold shoulder at the July 14 Electoral Board meeting… Representatives of a national Republican voter-integrity effort asked that the number of dropboxes be reduced from nine to as few as three, citing both cost and ballot-integrity issues.” [Sun Gazette]
