News and Announcements

Apr

15

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4/15/2014 2:08 PM 

Williamson County received a AAA bond rating from both Fitch Ratings and Standard Poor’s  Ratings Services last week.

“Williamson County’s AAA rating was affirmed by two independent rating agencies. Standard Poor’s Ratings Services and Fitch Ratings affirmation is a solid testament to the financial strength and financial performance of the county,” stated Williamson County Auditor David Flores.  “The highest rating means the lowest interest cost going forward in addressing the road infrastructure in a fast growing county.”

“A history of extensive planning and conservatism has allowed the county to accommodate a high debt load associated with providing infrastructure sufficient to meet increasing service levels while maintaining balanced operations and robust reserves,” stated the ratings report from Fitch.

Standard and Poor’s believes, “The stable outlook reflects our anticipation that county management will continue to effectively manage ongoing growth-driven capital needs as the county continues to expand. We also expect that the county will continue to maintain very strong budgetary flexibility and at least adequate budgetary performance.”

On April 8, 2014, the Commissioners Court authorized County Auditor David Flores to go to market with $120 million of the total $315 million in road and park bonds county voters approved in November. 

The ratings reports are available on the County’s website at www.wilco.org under the link for Transparency then click Financial Reports or by clicking here.

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