Monroe Bonding Rating Increase Is Good News for City
By: JaCoby Tubbs
Updated: December 26, 2012
MONROE -- In a news conference Wednesday morning, Monroe Mayor Jamie Mayo had some good news concerning the city's bond rating. Mayo says that this upgraded rating will increase the city's economic stability.
"This rating has helped us in a major way as we go to borrow money" says Mayor Mayo.
"This rating has helped us in a major way as we go to borrow money" says Mayor Mayo.
The city says companies such as Century Link, Chase Banking Services and even the University of Louisiana at Monroe and other local colleges contributed to the strong economic impact on the region.
Mayor Mayo says this is a good reflection on how the city has handled taxpayer dollars. Mayo says this rating is all good news for the city of Monroe.
The city of Monroe can look forward to to an increase in economic growth as the new year approaches.
Although the A+ rating gives room for celebration, mayor mayo says the city will continue to seek growth until the ultimate goal of a triple a rating has been reached.
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