2017 Bond Issuance

2017 Rating Agency Reports

In early July 2017, County representatives met with Fitch, Moody’s and Standard and 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:

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%.