Commentary by Eric Moeller
On May 16, Standard and Poor’s announced they were raising Fishers’ credit rating from AA+ to AAA, the highest possible. The AAA rating puts Fishers in very exclusive company around the county, and Fishers is the only city in Indiana to achieve this mark.
The impact of this upgrade will save taxpayers more than $1 million alone in two pending bond issuances. These bonds will fund infrastructure and road improvements for the 116th Street and Ind. 37 projects.
During their examination, S&P credit analysts had glowing reviews of Fishers management, financial and budgetary performance. In the S&P news release, they stated, “The ratings action reflects S&P Global Ratings’ opinion of the city’s very strong financial management, supported by the maintenance of the city’s very strong reserves and liquidity. Management has produced operational surpluses while managing capital needs due to the continuously growing population.”
Strong fiscal management has long been a trademark of Fishers and will continue to be a priority. It’s essential we continue to efficiently make the necessary investments in our infrastructure, guided by the Fishers 2040 Comprehensive Plan. We have a tremendous story to tell. Our ability to balance the ongoing investment in core services while maintaining strong reserves will keep Fishers a smart, vibrant, entrepreneurial city and a world-class destination for businesses and residents alike.
Eric Moeller is a Fishers City Councilor representing the city’s North Central District, and he serves as chair of the Finance Committee. He can be reached at [email protected] and his Twitter handle is @ecmoeller.
