Summary: Goshen Redevelopment Commission, Indiana   Goshen; General Obligation - S&P Global Ratings’ Credit Research

Summary: Goshen Redevelopment Commission, Indiana Goshen; General Obligation

Summary: Goshen Redevelopment Commission, Indiana   Goshen; General Obligation - S&P Global Ratings’ Credit Research
Summary: Goshen Redevelopment Commission, Indiana Goshen; General Obligation
Published May 30, 2014
Published May 30, 2014
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services affirmed its 'A' underlying rating (SPUR) on Goshen Redevelopment Commission, Ind.'s series 2005A and 2006B redevelopment district bonds, supported by the City of Goshen, based on Standard&Poor's local general obligation criteria released Sept. 12, 2013. The outlook is stable. Incremental real property tax revenues from three economic development areas are pledged to pay debt service on the bonds. To the extent tax increment revenues are insufficient, a special benefits tax (an ad valorem property tax) will be levied, subject to circuit-breaker legislation, on all taxable property within the Goshen Redevelopment District, which is coterminous with Goshen. The circuit-breaker legislation places various tax caps on certain parcels of real estate, but the full funding

  
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Goshen Redevelopment Commission, Indiana Goshen; General Obligation" May 30, 2014. Alacra Store. Jan 27, 2022. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Goshen-Redevelopment-Commission-Indiana-Goshen-General-Obligation-1324786>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Goshen Redevelopment Commission, Indiana Goshen; General Obligation May 30, 2014. New York, NY: Alacra Store. Retrieved Jan 27, 2022 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Goshen-Redevelopment-Commission-Indiana-Goshen-General-Obligation-1324786>
  
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