Coral Springs – a financially strong city.
Just how does Coral Springs Florida rank within Florida for its financial position and management of finances? Did you know that Coral Springs has taken one of the only two spots in all of Florida to have achieved a Aaa general obligation bond rating from all three rating agencies? Moody’s Investor services, Standard & Poor’s and Fitch are the rating agencies.
According to Moody’s Investor services, “The Aaa general obligation rating is based on the City’s reduced, but still sizable tax base, sound financial management practices reflected in historically strong financial reserves, and a minimal debt position with material future borrowing plans.” Recent cost containment along with conservative budgeting practices taken by the city has indicated a strengthening of Coral Springs’ financial position.
Achieving a Triple-A rating, as the city has, allows the city to borrow monies at attractive rates saving the city in interest rate costs. During our current tough economic times this indeed says a lot about the city of Coral Springs.
If you’re living in Coral Springs or relocating to Coral Springs, this comes as good news to current residents and those looking to relocate to our city.
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