TAVARES — Standard & Poor’s, one of the leading sources of independent credit ratings, recently affirmed its “A” rating on Lake County’s sales tax revenue bonds, which are used for capital improvement projects.
The rating reflects the strengths of Lake County’s strong population growth, which results in a larger share of state-distributed sales tax and the County’s good debt service coverage.
In April 2007, the County sold bonds to support the construction of a Judicial Center expansion, an office building for the Tax Collector and Property Appraiser and a downtown Tavares parking garage.
The Judicial Center expansion is the final downtown Tavares capital project currently in the construction period, and is scheduled for completion in March 2013.
For more information on Lake County’s bond ratings, contact the County Manager’s Office at (352) 343-9888 or the Lake County Clerk of Courts’ Finance Department at (352) 343-9808.