S&P Global Ratings assigned its 'AA' long-term rating to Martin County , Florida's $59.75 million series 2026 half-cent sales tax revenue bonds. At the same time, we affirmed our 'AA' rating on the county's parity half-cent sales tax revenue bonds outstanding. The outlook is stable. The series 2026 and 2019 bonds are secured by half-cent sales tax and other money from the Local Government Half-Cent Sales Tax Clearing Trust Fund pursuant to the provisions of Chapter 218, Part VI, of Florida Statutes. A population-based formula that considers municipalities within the county and the county itself determines Martin County's apportionment. The bond proceeds will fund a multi-departmental governmental operations complex and issuance costs. The rating reflects Martin County?s historically stable half-cent
