The 'A' rating on Cedar Hill, Texas' GO bonds is based on the city's full faith and credit pledge. In addition, the rating reflects the city's: Participation in the diverse Dallas-Fort Worth MSA economy with good transportation access to the greater Dallas, Texas labor market; Sustained rapid tax base growth; and Consistently sound financial operations with strong reserves. These strengths are offset by the city's: Escalating long-term liability to the U.S. Army Corps of Engineers, requiring annual set asides from the water and sewer enterprise fund; and Increasing overall debt levels. Cedar Hill, with a population of 35,944, was once an agricultural community and has developed into a residential suburb of Dallas. Employment opportunities in the city are limited to
