Responsible City Government
Status Indicators: Proceeding as Anticipated | Monitoring Progress | Reviewing for Improvement | Information Unavailable
Proceeding as Anticipated
Reviewing for Improvement
Please note that Q1, Q2, Q3, and Q4 refer to the first, second, third, and fourth quarters of the Fiscal Year. The City’s Fiscal Year runs from October 1st – September 30th and is denoted by FY. CY denotes Calendar Year.
The City of Sugar Land has achieved the highest possible municipal bond rating, AAA, which allows the City to spend less money on interest payments and reduce the tax burden required to complete vital projects in the community. Both S & P and Fitch affirmed the City's ratings in November 2018 (FY 2019). The City’s strong economic base, financial performance, and planned budgetary flexibility all contribute to achieving this rating.
AAA: The highest possible bond rating in the rating scale.
Bond ratings reflect a detailed analysis of the City’s ability to repay debt and include an assessment of the local/regional economy, overall administration, financial policies, and track record in managing its financial position.