In a notable stride towards economic resilience and development, the City of Danbury has recently completed its 2023 financial audit, not only reaffirming its stellar AA+ credit ratings by leading agencies S&P and Fitch but also successfully navigating the waters of bond and note sales to a triumphant shore. With over $191 million secured through these financial instruments, at rates that spell confidence in Danbury's fiscal future, Mayor Roberto L. Alves underlines this success as a testament to the diligent efforts in revitalizing the city's financial department. The city's ability to lock in $36.5 million in General Obligation Bonds and $155.25 million in Bond Anticipation Notes at competitive interest rates demonstrates a growing investor trust in Danbury's economic roadmap.
This financial milestone is not merely about numbers; it's a beacon of operational excellence and foresight. Under Mayor Alves' stewardship, the city addressed pending audits head-on, filled critical departmental vacancies, and enhanced internal processes, all within a noteworthy timeline. Such advancements were instrumental in achieving favorable terms in the bond and note markets. Investmen...
