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Aug 11, 2021

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
The full report can be found here.

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.