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Council recognizes finance department after Moody's credit upgrade
Summary
Jason Hughes of Hilltop Securities told council the city received an upgrade from Moody's to 'AA1' and the council acknowledged the finance department's work.
During a presentation that included video examples of other cities' meeting systems, staff paused to recognize the city finance department for a recent credit‑rating upgrade.
Jason Hughes of Hilltop Securities addressed the council and said, "you did receive an upgrade from Moody's to double A 1," explaining the rating change as a positive signal for the city's fiscal profile. The council thanked finance staff for their work; staff noted the recognition briefly before returning to the audio‑visual discussion.
Why this matters: A higher credit rating can lower borrowing costs and reflects positively on municipal financial management, though no debt action was taken at the meeting.
