Jim Skinner Sheriff at Collin County | Official website
Moody’s Investors Service reaffirmed Collin County’s Aaa rating for the county’s upcoming $210 million bond sale of General Obligation Limited Tax (GOLT) debt. This rating reflects Moody’s highest level of creditworthiness. With the issuance of the new bonds, Collin County’s total outstanding debt will be approximately $835 million, maintaining a stable outlook.
The Aaa rating highlights Collin County’s large, dynamic, and rapidly expanding economy, bolstered by several national and regional corporate headquarters. This economic vitality has been a key driver of the county’s high per capita income and value. Collin County’s conservative financial management, evidenced by maintaining operating reserves over 35% of revenue, underpins this rating.
The stable outlook from Moody’s suggests continued economic expansion, supporting operating revenue growth and maintaining strong reserves and a manageable debt profile. These factors, combined with conservative budgeting and operational practices, promise a stable operating environment in the long term.
The Series 2024 bonds will fund essential projects including the design, construction, equipping, and expansion of court facilities; juvenile and adult detention facilities; Medical Examiner’s Office; animal shelter; and non-tolled roads and bridges within the county. Additionally, the bonds will support land acquisition and improvements for parks and open spaces.
To view the official press release, click here.
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