Bonds ~ 2017 Bond Issuance

Current Bond Rating Summary 

Debt Service and the Tax Rate

2017 Rating Agency Reports
In early July 2017, County representatives met with Fitch, Moody’s and Standard & Poor’s to present current economic and financial information pertaining to Spotsylvania County. Select information from the presentation to the rating agencies is provided below:
Economic Development Highlights
Economic Trends
Financial Management
Plan of Finance

In late July, the County’s credit ratings were affirmed by Fitch (AAA), Moody’s (Aa1) and Standard & Poor's ( AA+).  Below are the full rating reports from each agency:

Standard & Poor's


2017 General Obligation Bond Issuance
On June 27, 2017, the Board of Supervisors approved the issuance of up to $30.0 million in General Obligation (GO) bonds to finance the following projects:

• Replacement fire equipment;
• Bunkroom addition for Salem Church station;
• Renovation of Courtland High School; and
• School technology, bus replacements, and school building capital maintenance.

Then, on August 2, the County sold $26.155 million in GO bonds at an “all in” interest rate of 2.31%.

Executive Summary from June 27, 2017 Board of Supervisors
Resolution Adopted by Board of Supervisors on June 27, 2017


Previous Years

Additional Links

Contact Information

Main: (540) 507-7590 
Fax: (540) 582-6304

Mary Sorrell, Finance Director

Budget Staff
Bonnie Jewell, Deputy Director of
     Finance for Budget
Julie Elliott, Budget Manager
Vacant, Senior Financial Analyst
Holly Dove, Budget Analyst II
Barbara Verhaalen, Budget
     Analyst I

Mailing Address:                             
PO Box 215                                       
Spotsylvania, VA 22553

Physical Address:
8800 Courthouse Road
Spotsylvania, VA 22553