The action affects
In addition, Moody's also upgraded the city's limited tax bonds -- which affect
"The rating upgrade reflects the stabilizing tax base and consistent four-year operating surpluses, restoring the General Fund balance to healthy levels," the news release stated. "The rating further reflects the city's modest debt and pension burdens, affluent demographic profile and strong management practices."
A strong socioeconomic profile, a moderately-sized tax base that returned to growth this year, and health fund balances and reserves supported by strong fiscal policies were noted "strengths" for the city in the report.
"We're really happy with the outcome of the review," Bainbridge City Manager
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