Management Services monitors all City debt against the State limit, available bond authorization, and opportunities for refunding to reduce future debt service costs and financial projections to determine the best financing for Capital Improvements.
The City of Chandler has experienced significant growth over the last 35 years. The 1985 mid-decade census population was 63,817; the 1990-decade census was 89,862; the 2000 census population was 176,581; the 2010 census population was 236,598; the 2015 mid-decade census population was 244,687; and the 2020 census population was 265,200.
This growth created demand for infrastructure and capital projects. Citizens needed more amenities such as parks, streets, water, and sewer facilities. Financing these capital costs was accomplished through various financing sources, referred to as "bonded debt." This includes instruments such as general obligation bonds, revenue bonds, excise tax revenue obligations, and certificate of participation notes.
| Fitch Ratings | Moody's Investments | Standard and Poor's | |
|---|---|---|---|
| General Obligation | AAA* | Aaa* | AAA* |
| Excise Tax Revenue Obligations | AAA* | Aa1 | AAA* |
| Water/Sewer Revenue Bonds | AA+ | Aa1 | AA+ |
| Highway User Fund Revenue Bonds | AA | Aa3 | AA |
*Highest rating level from this agency
These high bond ratings are a positive reflection on Chandler's financial management and its ability to repay outstanding debt. The higher bond ratings also represent a lower investment risk for potential bond buyers and lower debt costs for the City and its citizens.
General Obligation Bond Debt Statutory Capacity
The City of Chandler has used less than 25% of its statutory debt capacity.
Independent Registered Municipal Advisory (IRMA) Exemption Disclosure
The City of Chandler intends that market participants receive and use it for purposes of the independent registered municipal advisor exemption to the SEC Municipal Advisor Rule. View the Independent Registered Municipal Advisory Exemption disclosure.