The rating on Plano, Texas' bonds reflects: A diversified economic base with ongoing additional investment; Sustained strong assessed value (AV) growth, enhanced by the city's highly desirable location 20 miles north of the Dallas MSA; Significantly above-average wealth and income levels; Conservative financial and debt management policies, reflected in monthly expenditure and revenue reporting; Extremely strong general fund reserve levels augmented by additional reserves in various funds providing significant financial flexibility; and Manageable debt levels enhanced by rapid principal amortization with an increasing percent of financing done on a pay-as-you-go basis and manageable future debt needs. The rating on the city's bonds also reflects the full faith and credit of the city. The estimated population (234,000 in 2002) has grown
