Municipal Debt Management and Bond Rating
American Fork City
Summary
Financial advisors reported that the city's debt is well-managed and its AA-1 bond rating puts it in an elite tier nationwide. Smart timing on the Public Works facility bond saved taxpayers about $2.5 million.
At a glance
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Impact analysis
Early bond issuance saved an estimated $2.5 million in total debt service costs and reduced annual payments by nearly $89,000 compared to current market rates.
All American Fork taxpayers, who benefit from strong financial management and lower overall borrowing costs.
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