2018 Rating Agency Reports
In July 2018, County representatives met with Fitch, Moody’s and Standard and 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 and Poor's ( AA+). Below are the full rating reports from each agency:
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 Route 3 bumpouts;
- Roundabout at Old Plank and 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 (PDF)
Resolution Adopted by Board of Supervisors on June 28, 2018 (PDF)