News

City Of Spencer Receives Exceptional Credit Rating

Fri 8-10-2018

(Spencer)-- Some good financial news for the city of Spencer. 

It was reported today (Fri.) the city has been assigned an Aa2 credit rating from Moody's Investments Services. 

Brian Weauve, Deputy City Manager and Finance Director, says the rating reflects the city's modestly sized and growing tax base. He says the city's strong financial profile is characterized by very healthy reserve levels and substantial revenue that increases flexibility. He also sites the city's low debt burden and moderate pension burden.

Weauve says "the city is very proud of the rating and that it will continue its efforts to remain diligent stewards of taxpayer dollars."