by Jon Baliles
There has been a lot of activity across the region recently about bond ratings and localities issuing bonds. It is a timely comparison of priorities of local leaders, a glimpse of a possible future and what happens if you have people in charge who worry more about getting the big, shiny project than the people that end up paying for it.
In May, Chesterfield County approved $90 million in general obligation bonds to fund voter-approved capital projects across the county that include new schools, police and fire stations, and transportation projects. They are part of a plan for $540 million of bonds that was put forth in a November 2022 bond referendum and approved by 76% of the voters.
Before that 2022 referendum, the county published a plan to spend $375 million for expanding existing and building new schools and $165 million on country facilities โ $81 million for public safety projects like police and fire stations (etc.), $38 million for libraries, and $45 million for park improvements.
And just weeks later on June 6th, after issuing plans for those new bonds for county projects, all three of the nationโs leading bond rating agencies reaffirmed Chesterfield Countyโs AAA credit rating, which they have maintained since 1997 (about 1% of all U.S. localities have a AAA rating). (more…)





by Dick Hall-Sizemore






