Standard&Poor's Ratings Services assigned its 'AA-' rating to Tacoma, Wash.'s $16.6 million series 2006A limited-tax GO bonds. The rating reflects the city's: Strong assessed valuation (AV) growth, supported indirectly by public facility investments; Good financial management policies and practices; Sustained healthy reserve levels since 2002; and Moderate debt burden Tempering the city's rating are a regional economy concentrated in defense-related employment and a median household income below the national level. The city's full faith and credit pledge to levy taxes on property within the city, subject to a statutory limit of $3.60 per $1,000 of AV, secures the bonds. Under State Initiative 747, the city's overall property tax revenue growth is further limited to 1% annually, excluding new
