Resolution Adopted by Board of Supervisors on June 28, 2018Standard & Poor'sStandard & Poor'sStandard & Poor's

Bonds ~ 2018 Bond Issuance

Current Bond Rating Summary 

Debt Service and the Tax Rate

2018 Rating Agency Reports
In July 2018, County representatives met with Fitch, Moody’s and Standard & Poor’s to present current economic and financial information pertaining to Spotsylvania County.   The presentation is available here.
 
In early August, 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:

Fitch
Moody's
Standard & Poor's

 

2018 General Obligation Bond Issuance
On June 28, 2018, the Board of Supervisors approved the issuance of up to $38.0 million in General Obligation (GO) bonds to finance the following projects:

• Replacement of Computer Aided Dispatch (CAD) system;
• Animal Shelter expansion/renovations;
• Improvements at Exit 118;
• Removal of Rt. 3 bumpouts;
• Roundabout at Old Plank & Chancellor intersection;
• Bloomsbury road improvements;
• Renovation of Courtland High School; and
• School technology, bus replacements, and school building capital maintenance.

Then, on August 14, the County sold $34.590 million in GO bonds at an “all in” interest rate of 2.92%.

Executive Summary from June 28, 2018 Board of Supervisors
Resolution Adopted by Board of Supervisors on June 28, 2018

 

Previous Years

Additional Links

Contact Information

Main: (540) 507-7590 
Fax: (540) 582-6304
E-Mail: budget@spotsylvania.va.us 

Mary Sorrell, Finance Director

Budget Staff
Bonnie Jewell, 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:
 Directions 
8800 Courthouse Road
Spotsylvania, VA 22553