The rating on Glendale, Ariz.'s GO bonds reflects: The city's participation in the strong, diverse Phoenix economic base; Wealth and income indicators that are about equal to national levels; Strong financial performance with balanced operating budgets and a strong fund balance; and A manageable debt burden with a rapid amortization. Glendale is located in the northwest portion of the Phoenix MSA and benefits from strong regional population and economic growth. The city's current population is estimated to be 213,235, which is 23.5% higher than its 1995 level. Despite strong population growth and a significant increase in housing starts and building permits since fiscal 1995, the city has managed to mitigate growth pressures by being proactive in anticipating and funding infrastructure
