Queen Creek’s bond rating affirmed as the town prepares to fund transportation improvements

Queen Creek Independent

Standard & Poor’s and Fitch Ratings, leading providers of credit ratings, both affirmed the town of Queen Creek’s AA rating and stable outlook after completing independent reviews.

The bond rating affirmations are significant as the town prepares to issue an excise tax bond to fund critical infrastructure improvements.

During the Dec. 6 town council meeting, Resolution No. 1174-17 was approved unanimously. The resolution authorized Town staff to issue an excise tax bond of $75 million; the bond will not result in any new taxes. (View a video explanation by Queen Creek Chief Financial Officer Scott McCarty.).

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