Oro Valley gets A+ on financial company's report card - Tucson News Now

Oro Valley gets A+ on financial company's report card

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  • BREAKING

    Standoff ends at home on Tucson's east side

    Standoff ends at home on Tucson's east side

    Monday, June 18 2018 5:42 PM EDT2018-06-18 21:42:52 GMT
    Source: Gloria OrozcoSource: Gloria Orozco

    An hours long standoff ended Monday morning after an armed man barricaded himself inside a home on Tucson's east side.

    An hours long standoff ended Monday morning after an armed man barricaded himself inside a home on Tucson's east side.

  • breaking

    Missing teenager found deceased

    Missing teenager found deceased

    Saturday, June 16 2018 4:00 PM EDT2018-06-16 20:00:35 GMT
    Rachael Anthis-Roberts (Source: Pima County Sheriff's Department)Rachael Anthis-Roberts (Source: Pima County Sheriff's Department)

    Detectives with the Crimes Against Children Unit of the Pima County Sheriff's Department are asking for the public's help in locating a missing 16-year-old.  

    Detectives with the Crimes Against Children Unit of the Pima County Sheriff's Department are asking for the public's help in locating a missing 16-year-old.  

  • Driver pulled over after she would not move back to right lane

    Driver pulled over after she would not move back to right lane

    Saturday, June 16 2018 8:30 PM EDT2018-06-17 00:30:24 GMT
    Wheeles said the driver had about 20 cars slowed behind her because she would not move back to the right lane.Wheeles said the driver had about 20 cars slowed behind her because she would not move back to the right lane.
    Wheeles said the driver had about 20 cars slowed behind her because she would not move back to the right lane.Wheeles said the driver had about 20 cars slowed behind her because she would not move back to the right lane.

    A driver was pulled over in Indiana after she would not move back to the right lane.

    A driver was pulled over in Indiana after she would not move back to the right lane.

ORO VALLEY, AZ (Tucson News Now) -

Standard & Poor's likes what it sees in the finances for a road improvement district -- so much so, it's raising its bond rating for that district two notches, from A- to A+.

The rating applies to the Oro Valley Oracle Road Improvement District's special assessment revenue bonds.  The report from S&P states: "The stable outlook reflects our view of Oro Valley's very strong and stable economy and management."

"We are extremely pleased that Standard & Poor's has recognized the Town for its strong management and budgetary practices," said Oro Valley Finance Director Stacey Lemos in a press release. "To receive a two-notch upgrade on our outstanding debt in this slowly-recovering economy is rare." 

The higher rating will let Oro Valley get bonds at lower interest rates, saving taxpayer dollars on debt payments.

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