As the highest possible rating, this recognition is directly related to the City’s financial strength, sound liquidity, and financial policies. In addition to showcasing Redmond’s responsible financial management, a high bond rating provides savings to taxpayers by lowering interest rates. 

“We’re proud to share that Redmond’s AAA rating has once again been reaffirmed,” said Mayor Angela Birney. “Achieving this mark reflects the City’s commitment to sound financial stewardship and long-term planning, helping ensure that Redmond remains a strong, thriving community well into the future.” 

In its report, S&P highlighted Redmond’s robust array of institutionalized policies and practices and well-developed financial planning systems as contributing to a stable outlook.  

Redmond’s monthly financial reports are available to the community on the City’s Financial Reports webpage.