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Standard and Poor has affirmed the Village’s ‘AAA’ rating, along with the stable outlook.
Many favorable items were noted in the report including:
- Consistent financial results
- Budgetary performance that benefits from active managerial oversight of key revenue and expenditures
- Large nominal fund balance as a percent of expenditures
- Strong financial management policies and practices
- Strong management team
As mentioned by President Cauley at the August 10, 2021 Village Board of Trustees Meeting, less than 10% of Illinois municipalities have a 'AAA' rating, which the village has maintained for more than 10 years.