Summary: Temple, Texas; General Obligation

S&P Global Ratings assigned its 'AA' rating and stable outlook to Temple, Texas' approximately $45.27 million series 2022A, roughly $40.735 million series 2022B, and approximately $12.18 million series 2022C combination tax and revenue certificates of obligation and roughly $2.765 million series 2022 limited-tax general obligation (GO) notes. In addition, S&P Global Ratings affirmed its 'AA' rating, with a stable outlook, on the city's existing certificates of obligation and GO debt. The city's GO bonds, certificates of obligation, and limited-tax GO notes are a direct obligation of the city, payable from the proceeds of a continuing, direct annual ad valorem tax, within the limits prescribed by law, on all taxable property within its borders. The maximum allowable ad valorem tax rate

...S&P Global Ratings assigned its '##' rating and stable outlook to Temple, Texas' approximately $45.27 million series 2022A, roughly $40.735 million series 2022B, and approximately $12.18 million series 2022C combination tax and revenue certificates of obligation and roughly $2.765 million series 2022 limited-tax general obligation (GO) notes. In addition, S&P Global Ratings affirmed its '##' rating, with a stable outlook, on the city's existing certificates of obligation and GO debt. The city's GO bonds, certificates of obligation, and limited-tax GO notes are a direct obligation of the city, payable from the proceeds of a continuing, direct annual ad valorem tax, within the limits prescribed by law, on all taxable property within its borders. The maximum allowable ad valorem tax rate for municipalities that operate under a home rule charter in Texas is $2.50 per $100 of assessed value for all purposes with the portion dedicated to debt service limited to $1.20; the city's total tax rate...

Summary