City of Maryville
City of Maryville, Tennessee
  • Home
    • News, Traffic & Service Updates
    • Maryville City Government Home Page >
      • Public Records
      • City Council Members
      • Boards and Commissions
      • City Manager
      • History
    • Development Services Home Page >
      • Economic Community Development
      • Codes
      • Planning
    • Electric Department Home Page >
      • Report an Outage
      • Operations Center
      • Tree Trimming
    • Engineering & Public Works Home Page >
      • Engineering
      • Grounds Maintenance >
        • LitterEvent
      • Streets
      • Sanitation
      • Storm Water Management >
        • Illicit Discharges
      • Traffic Operations
    • Financial Services Home Page >
      • Business License
      • Property Taxes
      • Tangible Personal Property Tax
      • Mobile Food Vendor
      • Beer Permits
      • Fireworks Permit
      • Bid Opportunities
      • Budget
      • Comprehensive Annual Financial Reports
    • Fire Department Home Page >
      • Citizens Academy Class TBA
      • Burn Permit
      • Fire History
    • Human Resources Department Home Page >
      • Frequently Asked Questions
      • ADA Compliance
    • Police Department Home Page >
      • Animal Control
      • Patrol Unit
      • Detective Unit
      • Police Administration
      • Office of Professional Standards
      • Community Oriented Policing Unit >
        • Citizens Police Academy
    • Water and Sewer Home Page >
      • Engineering
      • Plant Operations
      • FAQ Water & Sewer
      • Water Quality Report
      • Biosolids Fertilizer Compost
    • Pistol Creek Wetland Center
    • Reserve City Facilities
    • Sanitation Santa
    • SAFE Act
    • Community Fishing
    • Vulcan
  • Online Payments
  • Customer Service
  • Jobs
  • Council Minutes
  • Community Links
    • Maryville City Schools
    • Blount County Government
    • Blount County GIS Maps
    • Blount County Community Action Agency
    • City of Alcoa
    • United Way Community Resource Directory
    • Maryville College >
      • Clayton Center for the Arts
    • Parks & Recreation
    • Chamber of Commerce >
      • Tourist Information
    • Keep Blount Beautiful
    • Blount Memorial Hospital
    • Little River Watershed
    • University of Tennessee
    • McGhee Tyson Airport
    • The Daily Times Newspaper
    • Industrial Site Locations
    • Maryville Farmers Market
    • Library
    • Downtown Maryville Association
    • 2022 Tennessee Municipal GUide

S&P Upgrades City's Credit Rating to AA+

5/2/2018

Comments

 
The Standard and Poor’s (S&P) credit rating for the City’s general obligation (GO) debt has been increased from AA to AA+ as of April 25, 2018. Chief Financial Officer Mike Swift announced the rating improvement to City Council at their May meeting. Swift also reported that the S&P has assigned the AA+ rating to the upcoming 2018 GO bonds to be sold in May.
 
The improved rating reflects the City’s long-term strategy of improved financial management policies and procedures.
 
Higher credit ratings are associated with lower risk of default and result in lower interest rates on municipal bonds (the money cities borrow for capital projects). The rating improvement is a favorable change for City tax and rate payers.
 
According to the S&P Global RatingsDirect® summary dated April 25, 2018, “The change is based on the formalization and implementation of several comprehensive management practices and policies.” The report continues to outline key factors in the rating including “very strong management, with ‘strong’ financial policies and practices, strong budgetary performance, very strong budgetary flexibility and very strong liquidity” among others. The S&P assessment of City management was raised to “very strong” from the previous “adequate” which was based on the “formalization of a long-term financial plan and reporting practices, as well as comprehensive updates to the long-term capital improvement plan and debt management policy.”

To read the report, click here.
Comments

    News, Traffic & Service Updates

    News, Traffic and Service updates that can be subscribed via RSS. 

    Update Categories

    All
    2020 Census
    ADA
    Animals Available For Adoption
    Assembly Permits
    AT&T Utility Work
    Backflow Inspections
    Blount County Emergency Management
    Christmas Tree Lighting Event
    Christmas Tree Recycling
    Citizen Survey
    Clydesdales
    COVID 19
    COVID-19
    Electric Maintenance
    Electric Outage
    Employee Recognition
    EPW Projects
    Event Traffic Notifications
    Facility Maintenance Planned
    Fire
    Fireworks
    Fishing
    Flood Damage Reporting
    Flooding / Road Closings
    Free Compost
    Governor's Order
    Greenway
    Greenway Trail
    Hazardous Waste Collection
    Holiday Schedule
    Home Uplift Program
    Hydrant Testing
    Ijams River Rescue
    Inclement Weather Schedule
    Jobs
    Leaf Collection
    MAARC
    Ordinance Change
    Park
    Parking Garage Construction
    Pedestrian Bridge Work
    Phones
    Police
    Police Accreditation
    Proclamation
    Public Meeting
    Rates - Fees
    Recreation
    Regional Transportation Information
    Residential Garbage
    Road Work Traffic Alerts
    Sanitation
    Scam
    Sewer Rehab Project
    Sewer Work
    Share The Warmth Program
    Smoke Alarm Assistance
    Stormwater
    Streambank Stabilization
    Swimming Pools
    Tax Free Holiday
    TDOT Public Meeting
    Temporary Burn Ban
    TVA Energy Right Program Grants
    TVA Load Reduction Request
    United Way Fundraiser
    Utility Bill Payments
    Utility Bill Statements
    Veterans Day
    Water Report
    Water Service Notification

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017

    RSS Feed

Policy

The City of Maryville does not discriminate based on race, color or national origin in federal or state approved programs, pursuant to Title VI of the Civil Rights Act of 1964 (42 U.S.C. 2000d).
​

ADA Compliance
Privacy/ Refund Policy

    Contact Us

    Messages submitted through this site may be delayed. For quicker results please call 273-3900. Please include your home address and/or phone number in the comments section if you would like us to contact you regarding your comments. In the event of an Emergency, please call 911.
Submit

Locations & Business Hours

Municipal Center Offices
400 West Broadway Avenue
Maryville, TN  37801 
8 a.m. - 5 p.m.*
865-273-3900

*Development Services, Engineering, and Administration departments are closed for lunch 12 p.m. - 1 p.m.

Customer Service Desk
400 West Broadway Avenue
Maryville, TN 37801 
8 a.m. - 4:30 p.m.
865-273-3456


Operations Center Offices
332 Home Avenue
Maryville, TN 37801
7:30 a.m. - 4 p.m.
865-273-3300



Log in
City of Maryville Logo
The City of Maryville is committed to providing equal access to City facilities, programs, meetings and services and we do comply with the Americans with Disabilities Act of 1990. In order to assist individuals with disabilities who require accommodations for participation in or access to City programs, services, and/or meetings, the City requests that individuals make requests for these accommodations at least seventy-two (72) hours ahead of the scheduled program, service, and/or meeting. To make arrangements, contact the ADA Coordinator, at (865) 273-3430 or email at adainfo@maryville-tn.gov