Dover Feeling the Love from Fitch

The City of Dover Electric Revenue Bonds were upgraded to AA-. The General Obligation bonds are AA+. Now both our Electric Revenue bonds and general obligation are considered high grade investments. I advocated purposefully changing our polices to have better bond ratings such as not discovering the thresholds for revenue transfers and adjusting our polices accordingly. The staff, especially Mrs. Mitchell, was proactive in adjusting our policies accordingly. Now the tax and rate payers will benefit for years to come. It is yet another benefit to the new regime of fiscal conservatism led by Council President Tom Leary.

5 thoughts on “Dover Feeling the Love from Fitch”

  1. There are no electric rate increases, in fact we cut rates 12% It is about bond rate increases. You really need to stop drinking and posting.

  2. Whatever……you defended EB and said these rumors were false. You said the same thing about another elected Republican. Just what do you know?

  3. anonymous
    This post is not about EB. Keep your comments on subject please. There is another post that addresses the EB matter.

  4. This is terrible. First the EB thing, and now Dover is feeling the love from Fitch?

    Okay, who is Fitch and what office is he running for?

    It’s hard to keep track of you guys down there.

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