Simsbury's Board of Finance meeting on September 16, 2025, kicked off with exciting news: the town has reaffirmed its AAA bond rating. This prestigious rating, awarded by S&P, reflects the strong fiscal management and robust policies upheld by the Board, as highlighted by Finance Director Amy.
During the meeting, Amy announced that the town is set to issue bonds, a move that underscores its financial stability. The positive credit rating is a testament to the hard work of the Board and Town Manager Mark, who were commended for their efforts in maintaining sound financial practices.
Following this announcement, representatives from Clifton Larson Allen presented a fraud risk assessment, emphasizing the importance of transparency and accountability in financial operations.
The reaffirmation of the AAA bond rating not only boosts the town's credibility but also positions Simsbury favorably for future financial endeavors. As the town prepares to issue its debt, the strong rating is expected to facilitate better borrowing terms, ultimately benefiting the community.