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Lake Stevens mayor highlights fiscal gains, Moody's upgrade and City Hall campus plan
Summary
Mayor delivered an annual "state of the city" presentation highlighting a Moody's AA1 upgrade tied to policy improvements, the city's balanced budgets and a plan to remodel purchased downtown buildings into a City Hall campus financed by bonds without new taxes.
Lake Stevens Mayor (unnamed) onstage for the city's annual state-of-the-city presentation summarized last year’s financial results and outlined plans to convert recently purchased downtown buildings into a municipal campus.
The mayor said the city’s financial health earned a Moody’s upgrade to AA1, noting the rating reflected “policies and procedures, updates, and upgrades” that came from the city’s American Public Works Association accreditation work. He described the upgrade as enabling the city…
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