S&P Global Ratings assigned its 'AAA' long-term rating to the city of Cedar Park, Texas' approximately $3.0 million limited tax notes, series 2023. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating on the city's general obligation (GO) debt and certificates of obligation outstanding. The outlook is stable. The bonds 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. In fiscal 2023, the
