Williamson County has once again snagged a AAA bond rating, the top score a local government can get, and it's all thanks to its tight-fisted financial playbook. Both Fitch Ratings and Standard & Poor's Global are singing the same tune, giving the county a big thumbs up for its cash management.
Now, here's the deal: securing a bond rating is step one before you go and issue debt. Williamson County's voters, back in November 2023, said 'yes' to shelling out $825 million for roads and dropping another $59 million on parks and rec – think trails and such. Come February 6, the Commissioners Court is on board, too, approving the sale of $160 million in road bonds voters already greenlit, plus $167 million in notes for roads and grabbing land, as reported by the Williamson County, TX.
County Judge Bill Gravell couldn't be prouder, saying, "Williamson County’s fiscally conservative financial policies have once again earned us a AAA bond rating. We are proud that the rating agencies have also shown their appreciation for our policies, by granting us the highest rating a government agency can receive," according to Williamson County, TX.
The folks at Standard & Poor's are touting Williamson County's "very strong management with strong financial policies." And, they're looking for yet another surplus for the fiscal year 2023, thanks to some nifty budgeting that's kept reserves well fat, way beyond their own 35% policy target.
Wrapping it up, County Auditor Julie Kiley weighs in, "The county’s reaffirmed AAA rating continues to exemplify the county’s strong financial disciplines," as per the Williamson County, TX. The bottom line, Williamson is looking pretty solid when it comes to handling the green. You can catch all the gritty details over at their website, tucked under Other Financial Reports for those who want to dive deep.
