Mayor Kasim Reed to revisit Sandtown on Monday OCT 27 @ 6 PM

For many annexation to the City of Atlanta is the best choice. You are invited to have a talk with Mayor Kasim Reed to get the Facts about Annexation

Monday, October 27, 2014 beginning at 6:00 pm at Zion Hill Baptist Church

6175 Campbellton, Rd, SW/Atlanta, GA 30331

City of Atlanta Announces Outlook for Bonds Revised to Positive

Moody’s Investor Services revises outlook from stable and affirms Aa2 rating

ATLANTA – The City of Atlanta announced that it received an upward outlook revision from Moody’s Investor Services, from stable to positive, on its $60 million general obligation bonds. The report assigned the bonds an Aa2 rating, which reflects their high quality and very low credit risk.

“This positive outlook revision is great news and further proof that the City of Atlanta continues to be a good steward of our financial resources,” said Mayor Kasim Reed. “I have made it a priority to improve the City of Atlanta’s financial health, and I am happy to continue along an upward trajectory.”

The report cited strong cash reserve levels, manageable debt burden, and projected growth in the city’s tax base as reasons for the outlook revision. Moody’s also noted Atlanta’s role as a “nationally-important trade and transportation hub” and a “growing economic center in the southeastern corner of the country.”

The City of Atlanta, under Mayor Reed’s leadership, has strengthened its financial position after experiencing the worst economic downturn since the Great Depression. The City has passed five straight balanced budgets, and cash reserves are up to more than $138 million, with that number projected to reach $142 million by the end of the year. Property taxes have not been raised for four straight years, and the FY2015 budget included a rollback in the property tax rate.

“I am happy to see another ratings agency confirm that the City of Atlanta is in good financial health,” said Chief Financial Officer Jim Beard. “Our city’s financial future looks bright, and the Department of Finance will work diligently to ensure that creditors continue to see Atlanta and its bonds as safe and secure investments.”

In June, Standard & Poor’s Ratings Services upgraded Atlanta’s general obligation bond ratings from A to AA, with a stable outlook.

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“For Sandtown, the bond rating ensures that the value and appreciation of our homes will continue to rise”