In a sign of fiscal stability and smart governance, the City of Carrollton has retained its 'AAA' long-term ratings for around $33 million in general obligation bonds, series 2025. Both Fitch Ratings, Inc. and S&P Global Ratings have assigned this top-tier rating, with a stable outlook projected for the city's economic situation, according to the City of Carrollton.
The bonds, slated for competitive sale in the coming week of June 9, represent not only a sound investment but also an affirmation of the city’s solid financial practices. Diana Vaughn, Carrollton's Chief Financial Officer, attributed the achievement to a team effort including elected officials, appointed leaders, and the Finance Administration Department. She stated, per the City of Carrollton, "This is literally the highest credit rating that can be achieved, and a 'AAA' rating is only possible through a team effort." The city's commitment to effective resource management is echoed in its coverage of 37.1 square miles filled with residences, businesses, and green spaces.
Financial institutions such as Fitch and S&P Global laud the City's sustained financial acumen, with both independent affirmations highlighting the importance of the city’s long-standing, stable leadership. The 'AAA' rating bestowed reflects robust fiscal health, a legacy of solid reserve levels, and a capacity for Carrollton to endure financial downturns such as the 2020 pandemic scenario, as mentioned by Mayor Steve Babick. Babick highlighted the city’s financial strategies, including robust forecasting, quarterly investment reports, and fiscally responsible budgeting, as key factors leading to this recognition.
