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Jun 29 2011

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Civic finances holding steady

Fitch Ratings has given the City of Longview a AA score in financial stability.  This score credits the city with a “diverse economic base” as well as “well-maintained financial operations characterized by healthy reserve balances and strong liquidity.”  City Manager David Willard explained the significance of this evaluation.
“This rating reaffirms the financial health of the organization,: he said.  “These ratings are especially important in light of the streets bond that was recently passed in May 2011.”
This $52.6 million bond package will enable the city to issue part of the bond debt within the next few months.  Design work has already started, and construction will commence early next year.
For additional information visit LongviewTexas.gov.

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