Summary: Temple, Texas; General Obligation

S&P Global Ratings assigned its 'AA' long-term rating to Temple, Texas' approximately $44.8 million series 2023A and $40.0 million series 2023B combination tax and revenue certificates of obligation. At the same time, we affirmed our 'AA' rating on the city's general obligation (GO) debt and certificates of obligation outstanding. The outlook is stable. The city's certificates of obligation and GO bonds outstanding 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. A limited pledge not to exceed $10,000 of the net revenue derived from the combined waterworks-and-sewer system additionally secures the certificates. The maximum allowable ad valorem

...Most recent Historical information 2022 2021 2020 Strong economy Projected per capita EBI % of U.S. 83.2 Market value per capita ($) 107,134 Population 76,917 75,531 County unemployment rate(%) 5.7 Market value ($000) 8,240,419 6,696,361 6,136,059 Ten largest taxpayers % of taxable value 11.9 Strong budgetary performance Operating fund result % of expenditures 6.0 7.4 5.5 Total governmental fund result % of expenditures 7.2 7.2 3.5 Very strong budgetary flexibility Available reserves % of operating expenditures 47.4 46.8 42.0 Total available reserves ($000) 43,411 38,336 32,430 Very strong liquidity Total government cash % of governmental fund expenditures 53.6 52.5 40.8 Total government cash % of governmental fund debt service 288.9 272.2 212.1 Very strong management Financial Management Assessment Strong Very weak debt and long-term liabilities Debt service % of governmental fund expenditures 18.6 19.3 19.3 Net direct debt % of governmental fund revenue 321.5 Overall net debt % of market...

Summary