The Standard&Poor's underlying rating (SPUR) on Cedar Hill, Texas' bonds is based on a pledge of the combined utility system's net revenues. Credit factors include: A growing residential community located in the Dallas-Fort Worth MSA; High combined water and sewer rates; Sound system financial operations; A low, but increasing, debt burden; and The additional burden of funding Cedar Hill's share of the Joe Pool Lake project. Cedar Hill is a growing residential community located 19 miles southwest of Dallas and benefits from inclusion in the strong area economy and labor market. As Cedar Hill has developed into a suburb, median household income levels have increased to 150% of the national average. Growth in customers has been healthy, increasing
