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Moody’s Investor Services Affirms Sarasota County's Aaa Tax Bond Rating

Post Date:07/24/2017

Sarasota Clerk Communication

 

SARASOTA COUNTY - Following the Florida Supreme Court ruling on the constitutionality of a local law regarding the reimbursement to private hospitals for indigent care, New York-based Moody's Investor Services has affirmed Sarasota County's Aaa issuer rating, and its outstanding limited ad valorem tax bond rating of Aaa.

The affirmation of the Aaa issuer rating (implied) reflects Sarasota County's large, growing tax base, ample revenue raising flexibility, and healthy financial position. The outlook is stable. The rating also reflects the likelihood that Sarasota County's finances will remain sound, given the historically strong financial management and strict adherence to formalized reserve targets in the event of an increase in fixed expenditures for indigent care reimbursement. Click here to see the Rating Event Notice.

As Chief Financial Officer for Sarasota County, the Clerk and Comptroller oversees the preparation and presentation of Sarasota County's financial statements, in accordance with guidelines established by the Government Accounting Standards Board, and other authoritative bodies.

For more information and to view reports of county finances, revenue, and spending, visit the Comptroller's Finance section on SarasotaClerk.com.

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