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Finance director reports early motor‑vehicle receipts, $80.9M in notes due Nov. 6; Fitch affirms AA+
Summary
Finance Director Diane told the joint meeting the city received $1.3 million in motor‑vehicle supplement receipts early, investment earnings of $510,000 year‑to‑date, and is managing $80,875,000 in short‑term bond anticipation notes due Nov. 6. Fitch affirmed the city’s AA+ rating; S&P review was pending.
Finance Director Diane reported that motor‑vehicle supplement receipts of $1,300,000 posted earlier than usual, improving the city’s cash position. She said convenience tax and building permit revenues are ahead of or in line with last year, and investment earnings total about $510,000 (roughly 22% of the budgeted amount…
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