I am pleased to let you know that for a 29th consecutive year, Moody’s Investors Service has awarded its highest credit rating to Halton Region! This distinction ranks Halton at the top end of Canadian municipalities, indicating an expectation of consistent and positive financial outcomes for the years ahead.
The Aaa rating is the result of an extensive and objective third-party analysis of our financial reports, plans and practices. The Region’s Aaa credit rating allows Halton and its local municipalities to finance major investments at the lowest possible long-term costs by providing continued access to the best capital financing rates available. It ensures we can continue to maximize the community impact of every dollar we invest in the future and is essential to maintaining Halton’s strong long-term financial position.
Halton Region is a transparent, accountable and fiscally responsible government that ensures value for taxpayer dollars. Moody’s report profiles this commitment through its wealth of high praise for the Region, affirming that our fiscal policies continue to support a thriving community.
The report reads:
“Halton’s operating results are supported by strong governance and prudent fiscal policy. The Region has forward-looking operating and capital plans that allow it to address pressures and spending requirements early on. […] Management also adheres to conservative debt and investment management policies, which limit the Regional Municipality’s exposure to market-related risks and helps ensure relatively smooth debt servicing costs. These fiscal management measures are also supported by comprehensive, transparent and timely financial reporting.”
These strengths are the foundation of our strong long-term financial position, which allows us to deliver high quality programs and services while keeping taxes low. Moody’s analysis confirms that Regional Council and staff continue to succeed by putting residents first, and I am proud that Halton Region has earned this recognition once again.
By maintaining a strong financial position, we help keep Halton a great place to live, work, raise a family and retire. To learn more about the Region’s finances, visit halton.ca/budget.
As always, if you have any Regional concerns or comments you would like to share, please feel free to email me at firstname.lastname@example.org. You can also find me on Twitter @garycarrhalton, LinkedIn or Facebook. To receive further updates on Regional issues, please subscribe to my quarterly e-newsletter, “The Carr Report”.