The implied General Obligation rating1 reflects strong financial performance supported by substantial reserves, ample liquidity, conservative fiscal management, low debt metrics, and the demonstrated resilience of the regional economy. Counterbalancing these strengths are the unique nature of the County’s tourism-focused tax base and economy which remain susceptible to disruption from declines in leisure travel, and a material contingent risk to future ad valorem revenues from a pending statewide constitutional amendment to expand homestead property exemptions.
Orange County spans approximately 1,000 square miles in central Florida and includes 13 incorporated cities including Orlando. The County is a global tourism destination, with four of the ten most visited theme parks in the world located in the Orange County area. The regional tourism industry is estimated to have generated approximately $94.5 billion of economic impact 2024,…
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