Summary: Tacoma, Washington; General Obligation - S&P Global Ratings’ Credit Research

Summary: Tacoma, Washington; General Obligation

Summary: Tacoma, Washington; General Obligation - S&P Global Ratings’ Credit Research
Summary: Tacoma, Washington; General Obligation
Published Nov 29, 2007
Published Nov 29, 2007
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Abstract:

Standard&Poor's Ratings Services assigned its 'AA-' rating to Tacoma, Wash.'s $9.61 million series 2007 taxable limited-tax GO bonds. In addition, Standard&Poor's affirmed its 'AA-' underlying rating (SPUR) on the city's other GO debt. The city's full faith and credit pledge to levy taxes on property, subject to a statutory limit of $3.60 per $1,000 of assessed value (AV), secures the bonds. Prior to a state Supreme Court decision on Nov. 8, 2007, the city's overall property tax revenue growth was further limited to 1% annually, excluding new construction, without a public vote. The legislature convened a special session starting Nov. 29, 2007, to consider restoring the property tax growth cap in some form. The rating reflects

  
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Summary

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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Tacoma, Washington; General Obligation" Nov 29, 2007. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Tacoma-Washington-General-Obligation-616268>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Tacoma, Washington; General Obligation Nov 29, 2007. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Tacoma-Washington-General-Obligation-616268>
  
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