S&P Global Ratings assigned its'AAA'long-term rating to the city of Cedar Park , Texas'approximately $30.99 million series 2026 general obligation (GO) bonds. At the same time, we affirmed our'AAA'long-term rating on the city's GO debt and certificates of obligation (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 valorem tax debt service. The city's adopted tax
