Tampa tax hike is good for its credit rating

Tampa City Council last month approved a controversial 8.3 percent property tax increase, and that decision could boost the city’s credit rating. Moody’s noted the millage rate increase was credit-positive for the city because it increases revenue to reduce what had been an anticipated shortfall in Tampa’s nearly $1 billion operating budget. Tampa’s credit rating from Moody's is Aa1, indicating a stable outlook. The credit-positive declaration did not change the city’s credit rating,…

Read more at: Tampa Business News - Local Tampa News | The Tampa Bay Business Journal

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