ORANGE'S AAA S&P SCORE IS NOT JUST A RATING

OUR S&P AAA SCORE INDICATES EFFECTIVE FINANCIAL AND OPERATIONAL MANAGEMENT

Factors S&P considers when issuing a municipalities’ rating:

Economy: The overall economic conditions and growth potential of the issuer's region.

Financial Performance: The issuer's financial health and ability to manage its finances.

Reserves: The availability of reserves to cover potential future obligations.

Liquidity Management: The issuer's ability to manage its cash flow and manage debt.

Debt and Liabilities: The total amount of debt and liabilities the issuer has, including any covenants and protections in the bond documents.

These factors are part of a scored framework established for U.S. governments, which has five equally weighted credit factors. S&P also analyzes an institutional framework based on the state where the local government resides, focusing on predictability, revenue/expenditure balance, and system support and transparency and accountability.

 

Building a strong economy doesn’t happen without, steady leadership, smart decisions, and a community that works together.

Here’s what makes Orange strong:

• One of only a handful of CT towns to earn the top AAA bond rating, saving taxpayers money while strengthening schools, safety, and services.

• 20 years of stable mill rates, reasonable taxes, and reliable town services.

• Strong business development including new medical centers, housing, senior living, and businesses while keeping our small-town feel.

• Strong Schools & Homes Our schools attract families, protecting property values and building pride in our neighborhoods.

• Volunteer Spirit & Local Leadership 160+ residents serve on town boards and commissions, keeping leadership close to the people and costs low.

For two decades, neighbors and leadership have built Orange’s economy together, and with the same steady approach, we’ll continue to keep Orange strong for years to come.