Moody's and Fitch upgrade Del Rio bond ratings
Moody's assigns Baa to Del Rio Series 2004 COs and lifts general obligation debt to Baa from Baa2, citing expanding tax base and conservative management. Fitch upgrades COs to A and notes strong financial position, growing revenue, and self supporting CIP funded mainly by water and sewer. City officials credit teamwork and expect lower borrowing costs.
MENTIONED IN THIS ARTICLE
City of del Rio
Moody's Investors Service of
New York
Moody's
Moody’s
Fitch
Rafael Castillo Jr
Castillo
Fitch Ratings
School board defers tax hike amid budget strain
The San Felipe Del Rio Consolidated Independent School District postponed endorsing a tax increase as a public hearing looms. Administrators warned current expenditures still outstrip revenue and urged a potential six cent rise to improve funding under future formulas. Board members described any hike as a no win choice, stressing community affordability and longer term financial positioning.
MENTIONED IN THIS ARTICLE
San Felipe del Rio Consolidated Independent School
Board of
Roberto Fernandez
JoAnne Ruark-Ackermann
Fernandez
Texas
Antonio Cadena Jr
Leo Martinez Jr
Cadena
Stanley Blackstone
del Rio
Whitehead Museum seeks city funds for 26200 repair bill
Del Rio leaders were asked to fund twenty six thousand two hundred dollars for repairs at the Whitehead Memorial Museum. Board chair Miles Parker urged council to acknowledge city ownership and obligations while staff detailed a two month effort listing 23 repair items.
MENTIONED IN THIS ARTICLE
News-Herald
Bill Sontag
Whitehead Memorial Museum
Ernesto Francisco
del Rio
Miles
Parker
Lee Lincoln
Museum
Lincoln
Bill Sonta
Mike Parker
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