Peoria awarded for strong financial management

By Your Valley

Moody’s Investors Services and the Government Finance Officers Association have recognized the city of Peoria as one of the most fiscally sound cities in the Valley, according to a news release.

Peoria was awarded a AAA bond rating and GFOA’s Distinguished Budget Presentation Award.

“The AAA bond rating is the highest rating available, and I am thrilled that Peoria has been recognized for its strong financial and economic performance,” Mayor Cathy Carlat said. “Peoria’s discipline in adhering to its Principles of Sound Financial Management assures transparency, protection and oversight. This rating is a great value to Peoria residents, as it allows us to leverage superior financial terms as we provide the infrastructure and amenities that make our city great.”

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