In November 2017, City voters approved two propositions – street improvements and park and recreation improvements totaling $7.15 million. The City will issue bonds for these projects, which will not require a tax increase as a reduction in debt service has provided a window to consider new debt issuance. When we issue bonds the City seeks a new bond or credit rating. The City has been given the highest rating possible, AAA by Standard & Poors. This is a reflection of the fiscally responsible and conservative financial policies put in place by City Council and carried out by City Staff.