Redmonds AAA Bond Rating Reaffirmed

Standard & Poor's reaffirmed the City of Redmond's AAA bond rating, highlighting its strong financial position and effective management. This top rating benefits taxpayers by lowering interest rates on bonds, ultimately saving money. Mayor Angela Birney expressed pride in the city's commitment to sound financial stewardship and long-term planning. S&P's report noted that Redmond's well-developed financial policies and planning systems contribute to its stable outlook. The city’s financial reports are made available to the community through its Financial Reports webpage, promoting transparency.

This proactive approach aligns with Redmond's goal of maintaining a strong community for the future. The AAA rating reflects a rigorous evaluation of the city’s financial practices and policies, which are designed to ensure fiscal responsibility. Such recognition reinforces public confidence in local government management.