The “healthy economy, budgetary performance and flexibility, strong management” in Mendota Heights was among the reasons the city received an upgraded bond rating to AAA recently, according to a news release from the city.
“We are extremely honored that our city’s financial health has been recognized by this upgraded rating” said Mayor Sandra Krebsbach. “We have always taken great care in delivering strong city services to our residents while maintaining a solid financial foundation. This achievement is a credit to the hard work of city councils and staff over many decades."
The rating will help Mendota Heights “save thousands of
dollars each year through lower interest rates,” City Administrator Justin
the Pioneer Press, starting with the $1.745 million bond issue for the 2013
street improvement project.