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:

Fitch
Moody's
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
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