City Of Chattanooga Earns 'AAA' Bond Rating

Monday, December 2, 2013

The Berke Administration Monday announced Standard & Poor's Ratings Services upgraded its rating on the city of Chattanooga’s existing general obligation bonds to 'AAA.' This favorable rating was applied to both the long-term rating and underlying rating and was upgraded from the previous 'AA+' rating. 

“This rating increase is the result of the efforts of so many employees who work tirelessly to provide excellent service at the lowest cost to Chattanoogans,” said Mayor Andy Berke. “This rating demonstrates our commitment to being responsible with every dollar to make the biggest impact for the city.”

In addition, Standard & Poor's raised its long-term rating and SPUR to 'AA+' from 'AA' on Chattanooga’s appropriation debt and assigned a 'AAA' long-term rating to city’s series 2013 GO bonds. 

“While this is great news for Chattanooga, we must continue to be vigilant in our efforts to use tax payer dollars wisely," said Mayor Berke.  "By incorporating innovative solutions throughout government, we will proactively address and work to avoid the important financial challenges facing cities across the county." 

In their summary of the city of Chattanooga’s appropriations and obligations, Standard & Poor’s described Chattanooga’s strong economy and strong budgetary performance, noting that the “fiscal 2014 budget is balanced.”


Chief Justice Bivins Plans Ceremonial Swearing In With Governor Haslam

Tennessee Supreme Court Chief Justice Jeff Bivins will have a ceremonial swearing in with Governor Bill Haslam at 3:30 p.m. Thursday in the historic Supreme Court chambers within the Capitol. The event is open to the public.  Chief Justice Bivins was unanimously elected chief by the Court last month. He was appointed to the Court in 2014 by Governor Bill Haslam and was elected ... (click for more)

The CPR LifeWrap Launch Party Is Friday

The CPR LifeWrap launch party will be held Friday from 5-9 p.m at The Edney, 1100 Market St., 5th Floor.  CPR LifeWrap will be launching its Kickstarter campaign, as well as premiering its new video. There will be guest speakers, food, drinks, live music, mingling and door prizes. (click for more)

Naked Man Involved In Collision On Highway 111 Taken Into Custody

A naked man who was involved in a wreck on Highway 111 late Friday morning is facing numerous charges. At approximately 11:40 a.m., Hamilton County Sheriff deputies started to receive numerous reports that a vehicle was driving erratically on U.S. Highway 111 and that the driver was stopping his vehicle and at one point got out of his vehicle in a naked state. According to ... (click for more)

City Council Incumbents Anderson, Gilbert, Freeman, Hakeem Pick Up Papers Seeking Re-Election

Four City Council incumbents have picked up papers for the March 7 city election. The latest getting qualifying petitions are Russell Gilbert in District 5, Chris Anderson in District 7 and Yusuf Hakeem in District 9. Moses Freeman in District 8 picked up earlier. Anthony Byrd is a possible challenger. Former District 7 Councilman Manny Rico has already qualified. Others ... (click for more)

Chattanooga's Citizens Are The Best

Today, when I finished my shift, my wife and I had a rare kid-free time where she and I could enjoy a nice quiet dinner. So, when I left my extra job and she left her job, we met at a neat local place in St. Elmo. She and I had been looking forward to and planning this dinner all day. You see, between my work with the city of Chattanooga, my many hours of extra jobs, and our responsibilities ... (click for more)

My Garden In October

Just when you thought the weather would never break, the heat was on low this morning as Tide and I stepped from the house to study our October garden. Falling leaves and the dog’s dirty tennis balls aside, let’s praise the Lord that, as a new month dawns, we are still blessed with orchids and onions galore. The dog asks that I include the fact October is National Pet Adoption month ... (click for more)