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Bonita Springs receives AA+ issuer rating; council approves building‑permit fee increases and opioid‑fund assignment
Summary
S&P assigned Bonita Springs an AA+ issuer rating. Council approved changes to the building‑permit fee schedule (effective Jan. 1) to update valuation tables, add flat fees and reduce the remodel discount, and authorized an administrative assignment of opioid settlement funds to Lee County per state direction.
S&P Global assigned the City of Bonita Springs an issuer rating of AA+ after reviewing city finances, citing positive financial performance, sizable available reserves, proactive management and limited fixed costs and liabilities.
During the meeting finance staff and the city's financial advisor explained the AA+ rating is one notch below AAA and that S&P noted the city's strong liquidity and low liabilities. S&P said the rating could decline if the city's available reserves declined materially on a sustained basis or if the city took on…
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