Politics & Government

Mendota Heights Bond Rating Upgraded

Mayor: "We are extremely honored that our city's financial health has been recognized by this upgraded."

The β€œhealthy economy, budgetary performance and flexibility, strong management” in Mendota Heights was among the reasons the city received an upgraded bond rating to AAA recently, according to a news release from the city.

β€œWe are extremely honored that our city’s financial health has been recognized by this upgraded rating” said Mayor Sandra Krebsbach. β€œWe have always taken great care in delivering strong city services to our residents while maintaining a solid financial foundation. This achievement is a credit to the hard work of city councils and staff over many decades."

The rating will help Mendota Heights β€œsave thousands of dollars each year through lower interest rates,” City Administrator Justin Miller told the Pioneer Press, starting with the $1.745 million bond issue for the 2013 street improvement project.Β 

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