MUNICIPAL NEWS
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San Juan Capistrano GO bonds, continued ...
According to S&P, San Juan Capistrano’s economy experienced consistent growth, good financial reserve levels and a seven-year capital plan totaling about $145 million.
Similarly, San Juan Capistrano is holding up well in relation to other cities, despite the sagging economy and housing market dips that have recently plagued the nation. The city’s tax base has experienced what S&P refers to as “good” growth in recent years, which has only dropped slightly in the changed housing market.
Sales tax receipts, which represent the largest share of general fund revenue for San Juan Capistrano, have declined from the recession and are expected to fall further next year. However, San Juan Capistrano continues to sustain reserve levels equal to about 60 percent of its yearly operating expenses, which S&P considers “still-strong.”
Additionally, S&P rates San Juan Capistrano’s management practices as strong and gives the historic city a stable outlook.
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San Juan Capistrano GO bonds, continued ...
According to S&P, San Juan Capistrano’s economy experienced consistent growth, good financial reserve levels and a seven-year capital plan totaling about $145 million.
Similarly, San Juan Capistrano is holding up well in relation to other cities, despite the sagging economy and housing market dips that have recently plagued the nation. The city’s tax base has experienced what S&P refers to as “good” growth in recent years, which has only dropped slightly in the changed housing market.
Sales tax receipts, which represent the largest share of general fund revenue for San Juan Capistrano, have declined from the recession and are expected to fall further next year. However, San Juan Capistrano continues to sustain reserve levels equal to about 60 percent of its yearly operating expenses, which S&P considers “still-strong.”
Additionally, S&P rates San Juan Capistrano’s management practices as strong and gives the historic city a stable outlook.
<< PREVIOUS PAGE
Related headlines
51 percent of first-time buyers can afford O.C. home
Real estate market affected by short sales
Waste Management of O.C. launches $1.7 million system
