The 'A+' rating on Cedar Hill, Texas' combined tax and contract revenue certificates of obligation reflects the city's sustained tax base growth and diversification. In addition, the rating reflects the city's: Participation in the diverse Dallas-Fort Worth MSA economy with good transportation access to the greater Dallas, Texas labor market; Above-average income and wealth levels; and Consistently strong financial performance and position. These strengths are offset by the city's: Escalating long-term liability to the U.S. Army Corps of Engineers, requiring annual set-asides from the water and sewer enterprise fund; and High, although declining, overall debt levels. The city's limited-tax pledge secures the certificates. Once an agricultural community, Cedar Hill, with a population of 37,700, has developed over the past decade
