S&P Global Ratings assigned its 'AAA' long-term rating to the City of Cedar Park , Texas' approximately $32.0 million series 2025 combination tax and revenue certificates of obligation (COs), and $15.635 million series 2025 general obligation (GO) refunding bonds. We also affirmed our 'AAA' long-term rating on the city's GO debt and COs outstanding. The outlook is stable. The GOs and COs are secured by a limited ad valorem tax, levied on all taxable property within the city. State statutes limit the ad valorem tax rate for home-rule cities to $2.50 per $100 of taxable assessed valuation (AV) for all city purposes. The Texas attorney general will permit the allocation of $1.50 of the $2.50 maximum tax rate for ad
