S&P Global Ratings assigned its 'AA+' rating to Sarasota County, Fla.'s $27.2 million series 2023B capital improvement revenue bonds. At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating on the county's capital improvement revenue bonds. The outlook is stable. A lien and pledge on revenue from the county's share of the local government half-cent sales tax secure the bonds, which are on parity with the county's series 2017, 2018A, 2018B, 2019A, 2019B, 2019C, 2020, and 2023A capital improvement revenue bonds and revenue refunding bonds outstanding. The current issuance will fund various capital improvements including the design and construction of a new administration office, enterprise information technology center and employee health center. Sarasota County's pledged half-cent sales tax
