The general obligation (G.O.) rating continues to reflect the inherent strength of the County of Chesterfield’s (“the County’s”) unlimited ad valorem tax, G.O. pledge; robust financial policies, processes, and procedures that have historically supported consistent reserves, including the increase in unassigned fund balance targets beginning in FY 2025; manageable debt and additional continuing obligations profile; and a sizable, growing tax base underpinned by solid socioeconomic characteristics and a rapidly expanding economy. Credit risks are minimal.
G.O. Bonds are general obligations of the County backed by its full faith and credit pledge. The Board of Supervisors is authorized and required to levy and annually collect an ad valorem tax upon all taxable property within the County, without limitation as to rate or amount, sufficient to pay principal and interest on the G.O. Bonds.
Revenue Bonds issued by the Economic Development Authority of Chesterfield County…
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