The fiscal health of the City of Tamarac just got a notable nod from Fitch Ratings. They've boosted the rating of Tamarac’s 2013 and 2018 Capital Improvement Bonds up a notch to ‘AA+’ from ‘AA’. The city's Issuer Default Rating (IDR) also remains at 'AA+', reflecting strong financial commitments.

Fitch’s decision to bump up the bond rating aims to reflect the city's ability to consistently meet its financial obligations. It's also a thumbs up to their debt management strategy. This new 'AA+' grade points to a city that’s expected to have a very low default risk means they’ve got a very strong capacity to repay its debts, according to City of Tamarac.

An 'AA+' IDR essentially signifies that Tamarac is in a ‘midrange’ level of budget freedom. Plus, they're committed to always having at least 15% of their general fund reserves unrestricted. That's the kind of fiscal discipline that makes credit rating agencies take notice.

In the long run, Fitch’s upgrade is a boost to Tamarac’s financial reputation. The city has been working overtime to get their fiscal house in order. For those looking to dig into the details of Tamarac’s financial strategy and Fitch Ratings’ analysis, visit their website to explore the details.