S&P Global Ratings assigned its ‘A+’ rating to Monroe , Louisiana’s approximately $60 million series 2026 sales tax revenue bonds. At the same time, we affirmed our ‘A+’ rating on the city’s parity series 2011A sales tax bonds. The outlook is stable. The bonds are secured by a pledge of revenues from a 1% sales and use tax collected within the city. The sales tax was originally authorized May 5, 2001, for 25 years, and in December of 2024 it was authorized to be extended through Dec. 31, 2050, which exceeds the life of the series 2026 bonds. Bond proceeds will fund various capital improvements throughout the city, including for city utilities, streets and bridges, and other infrastructure. The rating
