February 8, 2021: In anticipation of the Village's upcoming bond sale, Village Treasurer Irene Woo, along with fiscal advisor Capital Markets Advisor, LLC (CMA), held a ratings call with Moody's Investor Service, Inc. On February 3rd, Moody's issued the Aaa stable rating with a stable outlook, citing in their credit opinion, "the village benefits from strong fiscal management, ample reserves and liquidity, and a manageable debt though its pension and OPEB liabilities are elevated. Strong financial management continues to contribute to annual surplus operations."
The Village will be issuing $6.8 million of bonds for various Village improvements and $43.1 million of Bond Anticipation Notes (BANs) for the Water Fund Emerging Contaminants Well Treatment on six well sites on February 9th. In addition, the Village will be refunding $1.5 million of bonds originally issued in 2010.